Sompo (OTCMKTS:SMPNY) Shares Gap Down – Here’s What Happened
by Doug Wharley · The Cerbat GemSompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY – Get Free Report)’s stock price gapped down prior to trading on Tuesday. The stock had previously closed at $20.94, but opened at $20.21. Sompo shares last traded at $21.42, with a volume of 967 shares trading hands.
Analysts Set New Price Targets
Separately, Zacks Research upgraded 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on Sompo
Sompo Stock Performance
The stock has a market cap of $39.24 billion, a P/E ratio of 8.27 and a beta of 0.29. The firm has a 50 day simple moving average of $21.67 and a two-hundred day simple moving average of $20.06.
Sompo (OTCMKTS:SMPNY – Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.64 EPS 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 for the quarter. As a group, equities research analysts predict that Sompo Holdings, Inc. Unsponsored ADR will post 2.24 EPS for the current year.
Sompo Company Profile
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.