Seven and I (OTCMKTS:SVNDY) Sees Strong Trading Volume – Here’s Why

Seven and I Holdings Co. (OTCMKTS:SVNDY) shares saw unusually-high trading volume on Thursday . 191,051 shares were traded during trading, a decline of 26% from the previous session’s volume of 259,043 shares.The stock last traded at $12.62 and had previously closed at $12.74.

Analysts Set New Price Targets

SVNDY has been the topic of a number of research reports. Sanford C. Bernstein raised Seven and I to a “hold” rating in a report on Tuesday, May 26th. Zacks Research upgraded Seven and I to a “hold” rating in a research note on Tuesday, June 16th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Seven and I Price Performance

The stock has a market cap of $31.24 billion, a price-to-earnings ratio of 15.81 and a beta of 0.30. The stock’s 50 day moving average price is $12.12 and its two-hundred day moving average price is $13.01. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 0.90.

Seven and I (OTCMKTS:SVNDY) last issued its earnings results on Thursday, July 9th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.11. The firm had revenue of $14.65 billion during the quarter, compared to analysts’ expectations of $14.97 billion. Seven and I had a net margin of 3.03% and a return on equity of 7.87%. Equities research analysts forecast that Seven and I Holdings Co. will post 0.77 EPS for the current fiscal year.

Seven and I Company Profile

Seven & I Holdings Co, Ltd. is a Tokyo-based diversified retail holding company best known for its convenience store operations under the 7-Eleven banner. Established as a holding company in 2005 through the reorganization of legacy retail businesses, Seven & I groups a portfolio of retail and service businesses including convenience stores, supermarkets, department stores, foodservice operations, and financial services.

The company’s core activity is the development and franchising of convenience stores that offer a mix of prepared foods, grocery items, daily necessities and quick-service retail products.