Sompo (OTCMKTS:SMPNY) Shares Break Below 50-Day Moving Average – Time to Sell?

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) shares crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $21.71 and traded as low as $21.54. Sompo shares last traded at $21.67, with a volume of 1,155,149 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Sompo to a “hold” rating in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Sompo Price Performance

The stock has a market cap of $40.49 billion, a price-to-earnings ratio of 8.53 and a beta of 0.30. The stock’s 50-day moving average is $21.71 and its 200-day moving average is $19.98.

Sompo (OTCMKTS:SMPNY) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.64 earnings per share for the quarter. The company had revenue of $10.15 billion for the quarter. Sompo had a return on equity of 13.62% and a net margin of 12.35%. Analysts predict 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 and financial services group. Its main businesses include property and casualty insurance, life insurance, and nursing care services, serving individuals, businesses, and institutional customers.

The group’s insurance operations include Sompo Japan Insurance, which offers coverage such as automobile, fire, and other commercial and personal insurance, and Sompo Himawari Life Insurance, which provides life and health-related products. Sompo also operates nursing care and senior-care services through Sompo Care.

Headquartered in Tokyo, Sompo serves customers in Japan and through international insurance operations across regions including North America, Europe, and Asia.