Sompo (OTCMKTS:SMPNY) Stock Price Up 5.5% – Time to Buy?

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY)’s share price was up 5.5% on Wednesday. The stock traded as high as $22.04 and last traded at $22.04. 35,132 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 149,784 shares. The stock had previously closed at $20.90.

Analyst Ratings Changes

Separately, Zacks Research raised Sompo to a “hold” rating in a report on Thursday, September 10th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Sompo Price Performance

The company has a market cap of $39.26 billion, a P/E ratio of 8.27 and a beta of 0.29. The firm’s 50-day moving average is $21.52 and its two-hundred day moving average is $20.16.

Sompo (OTCMKTS:SMPNY) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.64 EPS for the quarter. The firm had revenue of $10.15 billion during the quarter. Sompo had a net margin of 12.35% and a return on equity of 13.62%. As a group, sell-side analysts expect that Sompo Holdings, Inc. Unsponsored ADR will post 2.24 EPS for the current year.

Sompo Company Profile

Sompo Holdings, Inc is a Japan-based insurance group that provides property and casualty insurance, life insurance, and related financial services. Its operations cover personal and commercial insurance needs, including automobile, fire, marine, liability, accident, and specialty insurance products.

The company also operates businesses in nursing care, healthcare, and digital services. Through its insurance subsidiaries and affiliated companies, Sompo provides risk management, underwriting, claims services, and other solutions for individuals, businesses, and public-sector organizations.

Sompo traces its history to Japan’s established property and casualty insurance industry and was formed as NKSJ Holdings in 2010 through the integration of Sompo Japan Insurance and Nipponkoa Insurance.