Sompo (OTCMKTS:SMPNY) Trading Up 8.4% – Time to Buy?

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) shares traded up 8.4% on Wednesday . The company traded as high as $19.2475 and last traded at $19.2475. 489,011 shares traded hands during mid-day trading, an increase of 272% from the average session volume of 131,364 shares. The stock had previously closed at $17.7590.

Sompo Stock Performance

The business has a fifty day moving average of $18.67 and a two-hundred day moving average of $17.83. The firm has a market cap of $34.73 billion, a price-to-earnings ratio of 7.94 and a beta of 0.33.

Sompo (OTCMKTS:SMPNY) last released its quarterly earnings results on Wednesday, May 20th. The company reported $0.44 earnings per share for the quarter. Sompo had a return on equity of 13.42% and a net margin of 11.95%.The company had revenue of $8.84 billion during the quarter.

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.