Sompo (OTCMKTS:SMPNY) Shares Gap Up – Here’s Why

Shares of Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) gapped up before the market opened on Wednesday . The stock had previously closed at $18.33, but opened at $19.5604. Sompo shares last traded at $19.37, with a volume of 5,198 shares.

Sompo Trading Up 4.8%

The stock’s 50 day simple moving average is $18.46 and its 200 day simple moving average is $16.86. The stock has a market capitalization of $35.89 billion, a P/E ratio of 9.37 and a beta of 0.38.

Sompo (OTCMKTS:SMPNY) last posted its quarterly earnings results on Friday, February 13th. The company reported $0.57 EPS for the quarter. The business had revenue of $8.71 billion during the quarter. Sompo had a return on equity of 13.26% and a net margin of 10.62%. On average, sell-side analysts expect that Sompo Holdings, Inc. Unsponsored ADR will post 0.97 EPS for the current fiscal year.

Sompo Company Profile

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.