Sompo (OTCMKTS:SMPNY) Shares Break Below 50 Day Moving Average – Time to Sell?

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY)’s stock price crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $21.71 and traded as low as $21.54. Sompo shares last traded at $21.67, with a volume of 1,155,149 shares changing hands.

Analyst Ratings Changes

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

Sompo Trading Down 3.6%

The business has a 50-day moving average price of $21.71 and a 200 day moving average price of $19.98. The company has a market cap of $40.49 billion, a price-to-earnings ratio of 8.53 and a beta of 0.30.

Sompo (OTCMKTS:SMPNY) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.64 earnings per share for the quarter. Sompo had a return on equity of 13.62% and a net margin of 12.35%. The company had revenue of $10.15 billion during the quarter. On average, analysts anticipate that Sompo Holdings, Inc. Unsponsored ADR will post 2.24 earnings per share for the current year.

About Sompo

Sompo Holdings, Inc is a Japan-based insurance and financial services group. Its main businesses include property and casualty insurance, life insurance, and nursing care services, serving individuals, businesses, and institutional customers.

The group’s insurance operations include Sompo Japan Insurance, which offers coverage such as automobile, fire, and other commercial and personal insurance, and Sompo Himawari Life Insurance, which provides life and health-related products. Sompo also operates nursing care and senior-care services through Sompo Care.

Headquartered in Tokyo, Sompo serves customers in Japan and through international insurance operations across regions including North America, Europe, and Asia.