Sompo (OTCMKTS:SMPNY) Sees Unusually-High Trading Volume – Time to Buy?

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY – Get Free Report) shares saw unusually-strong trading volume on Thursday. Approximately 468,327 shares were traded during mid-day trading, an increase of 204% from the previous session’s volume of 154,066 shares. The stock last traded at $21.34 and had previously closed at $20.96.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Sompo to a “hold” rating in a research report on Thursday, September 10th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Sompo currently has an average rating of “Hold”.

Read Our Latest Stock Report on SMPNY

Sompo Price Performance

The firm has a market capitalization of $40.79 billion, a price-to-earnings ratio of 8.59 and a beta of 0.29. The firm’s fifty day moving average is $21.47 and its 200 day moving average is $20.21.

Sompo (OTCMKTS:SMPNY – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported $0.64 earnings per share for the quarter. Sompo had a net margin of 12.35% and a return on equity of 13.62%. The business had revenue of $10.15 billion for the quarter. Equities research analysts forecast that Sompo Holdings, Inc. Unsponsored ADR will post 2.24 EPS for the current fiscal year.

Sompo Company Profile

(Get Free Report)

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.

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