SBI (OTCMKTS:SBHGF) Trading 6.8% Higher After Earnings Beat

SBI Holdings Inc. (OTCMKTS:SBHGF)’s share price rose 6.8% on Friday following a stronger than expected earnings report. The company traded as high as $18.98 and last traded at $18.7420. 530 shares were traded during trading, a decline of 96% from the average session volume of 12,095 shares. The stock had previously closed at $17.55.

The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.69.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded SBI to a “hold” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, SBI presently has an average rating of “Hold”.

SBI Stock Performance

The firm has a market capitalization of $6.19 billion, a P/E ratio of 3.23 and a beta of 0.79. The stock has a fifty day moving average price of $17.52 and a two-hundred day moving average price of $19.43.

SBI Company Profile

SBI Holdings, Inc is a Japan-based financial services conglomerate that traces its origins to the establishment of SoftBank Investment in 1999. The company was rebranded as SBI Holdings in 2005 following its separation from SoftBank Group. Since its inception, SBI has pursued a diversified strategy aimed at integrating traditional financial services with emerging fintech innovations.

The group’s core activities encompass online securities brokerage, retail and corporate banking, asset management, insurance services and venture capital investments.