SBI (OTCMKTS:SBHGF) Shares Gap Down – Here’s What Happened

SBI Holdings Inc. (OTCMKTS:SBHGF) gapped down before the market opened on Tuesday. The stock had previously closed at $17.36, but opened at $15.75. SBI shares last traded at $17.5850, with a volume of 1,103 shares traded.

SBI Price Performance

The firm has a market cap of $5.81 billion, a P/E ratio of 2.94 and a beta of 0.84. The stock’s 50-day simple moving average is $19.88 and its two-hundred day simple moving average is $19.46.

SBI (OTCMKTS:SBHGF) last released its earnings results on Sunday, November 1st. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.18. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $2.61 billion. As a group, sell-side analysts expect that SBI Holdings Inc. will post 9.79 earnings per share for the current year.

About SBI

SBI Holdings, Inc is a Japan-based financial services and investment group that operates through a range of businesses, including online banking, securities brokerage, insurance, asset management and investment services. Its financial services companies generally use digital platforms to provide products to individual and corporate customers.

The company also invests in and supports businesses in areas such as venture capital, private equity, fintech, blockchain and digital assets. Through its investment and asset-management activities, SBI Holdings has exposure to emerging technology companies and financial institutions in Japan and other international markets.

SBI Holdings was established in 1999 as Softbank Finance and adopted its current name in 2005.