Sompo (OTCMKTS:SMPNY) Sees Strong Trading Volume – Here’s What Happened

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) shares saw unusually-strong trading volume on Monday . Approximately 340,694 shares traded hands during mid-day trading, an increase of 195% from the previous session’s volume of 115,335 shares.The stock last traded at $18.5375 and had previously closed at $17.81.

Sompo Trading Up 2.7%

The firm has a 50 day moving average price of $18.46 and a 200-day moving average price of $16.83. The firm has a market cap of $34.17 billion, a price-to-earnings ratio of 8.92 and a beta of 0.38.

Sompo (OTCMKTS:SMPNY) last posted its earnings results on Friday, February 13th. The company reported $0.57 earnings per share for the quarter. The firm had revenue of $8.71 billion during the quarter. Sompo had a net margin of 10.62% and a return on equity of 13.26%. As a group, equities analysts expect that Sompo Holdings, Inc. Unsponsored ADR will post 0.97 earnings per share for the current fiscal year.

About Sompo

Sompo Holdings, Inc (OTCMKTS:SMPNY) is a Tokyo-based insurance holding company that provides a broad range of risk-transfer and risk-management products and services. The group’s core operations include property and casualty insurance for individuals and businesses, life insurance products, and related services such as claims handling, medical and nursing-care services, and assistance solutions. Sompo serves both retail and commercial customers with offerings that commonly include motor, homeowners, commercial property, liability, and specialty insurance lines.

In addition to its domestic Japanese business, Sompo has built a significant international footprint through subsidiaries and acquisitions, operating in regions including the Americas, Europe, Asia and Australia.