Sompo (OTCMKTS:SMPNY) Shares Gap Up – Time to Buy?

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY)’s stock price gapped up before the market opened on Tuesday. The stock had previously closed at $20.90, but opened at $21.7123. Sompo shares last traded at $21.2550, with a volume of 3,052 shares traded.

Wall Street Analyst Weigh In

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

Sompo Price Performance

The company has a market cap of $39.73 billion, a PE ratio of 8.37 and a beta of 0.29. The business’s 50 day moving average is $21.53 and its 200-day moving average is $20.15.

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 net margin of 12.35% and a return on equity of 13.62%. The business had revenue of $10.15 billion for the quarter. As a group, sell-side analysts predict that Sompo Holdings, Inc. Unsponsored ADR will post 2.24 EPS for the current fiscal year.

About Sompo

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.