Sompo (OTCMKTS:SMPNY) Shares Gap Up – What’s Next?

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY)’s share price gapped up prior to trading 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Sompo to a “hold” rating in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Sompo Trading Up 1.7%

The company has a market capitalization of $39.73 billion, a price-to-earnings ratio of 8.37 and a beta of 0.29. The firm’s 50 day simple moving average is $21.53 and its 200-day simple moving average is $20.15.

Sompo (OTCMKTS:SMPNY) last issued its earnings results on Friday, August 14th. The company reported $0.64 earnings per share (EPS) for the quarter. The business had revenue of $10.15 billion during the quarter. Sompo had a return on equity of 13.62% and a net margin of 12.35%. As a group, sell-side analysts forecast that Sompo Holdings, Inc. Unsponsored ADR will post 2.24 EPS for the current fiscal 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.