Suruga Bank (OTCMKTS:SUGBY) Sets New 52-Week Low – What’s Next?

Suruga Bank Ltd. (OTCMKTS:SUGBY) reached a new 52-week low during mid-day trading on Friday. The stock traded as low as $172.63 and last traded at $172.63, with a volume of 6 shares trading hands. The stock had previously closed at $189.04.

Suruga Bank Stock Down 7.2%

The firm has a fifty day simple moving average of $129.13 and a 200-day simple moving average of $92.30. The company has a market cap of $2.97 billion, a PE ratio of 10.63 and a beta of -0.22.

Suruga Bank (OTCMKTS:SUGBY) last posted its earnings results on Monday, August 10th. The company reported $5.22 earnings per share for the quarter, beating the consensus estimate of $2.76 by $2.46. The business had revenue of $234.94 million during the quarter, compared to the consensus estimate of $16.96 billion. Suruga Bank had a return on equity of 13.65% and a net margin of 38.48%.

Suruga Bank Company Profile

Suruga Bank, Ltd. is a Japanese regional bank headquartered in Numazu, Shizuoka Prefecture. The bank provides financial services to individuals, small and medium-sized businesses, and other customers, with operations primarily serving Shizuoka Prefecture and neighboring areas, including parts of the greater Tokyo region.

Its services include deposit accounts, residential and consumer loans, business lending, investment trusts, insurance-related products, foreign-currency services, and electronic and internet banking.