SBI (OTCMKTS:SBHGF) Shares Gap Down – Here’s Why

Shares of SBI Holdings Inc. (OTCMKTS:SBHGF) gapped down prior to trading on Tuesday. The stock had previously closed at $17.36, but opened at $15.75. SBI shares last traded at $17.5850, with a volume of 1,103 shares.

SBI Stock Performance

The company has a market capitalization of $5.81 billion, a P/E ratio of 2.94 and a beta of 0.84. The business’s fifty day simple moving average is $19.88 and its 200-day simple moving average is $19.46.

SBI (OTCMKTS:SBHGF) last released its quarterly earnings data on Sunday, November 1st. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.57 by $0.18. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $2.61 billion. As a group, analysts forecast that SBI Holdings Inc. will post 9.79 EPS for the current year.

About SBI

SBI Holdings, Inc is a Japan-based financial services and investment group that operates through a range of businesses, including online banking, securities brokerage, insurance, asset management and investment services. Its financial services companies generally use digital platforms to provide products to individual and corporate customers.

The company also invests in and supports businesses in areas such as venture capital, private equity, fintech, blockchain and digital assets. Through its investment and asset-management activities, SBI Holdings has exposure to emerging technology companies and financial institutions in Japan and other international markets.

SBI Holdings was established in 1999 as Softbank Finance and adopted its current name in 2005.