Sompo (OTCMKTS:SMPNY) Sees Strong Trading Volume – Time to Buy?

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) saw an uptick in trading volume on Tuesday . 114,856 shares changed hands during trading, an increase of 33% from the previous session’s volume of 86,549 shares.The stock last traded at $17.61 and had previously closed at $17.42.

Sompo Price Performance

The stock has a market capitalization of $33.54 billion, a PE ratio of 9.50 and a beta of 0.38. The company’s 50 day moving average price is $16.12 and its two-hundred day moving average price is $15.66.

Sompo (OTCMKTS:SMPNY) last announced its quarterly earnings data on Wednesday, November 19th. The company reported $0.89 earnings per share (EPS) for the quarter. Sompo had a net margin of 10.20% and a return on equity of 14.10%. The company had revenue of $9.37 billion during the quarter. Analysts forecast that Sompo Holdings, Inc. Unsponsored ADR will post 0.97 earnings per share for the current year.

About Sompo

Sompo Holdings, Inc (OTCMKTS:SMPNY) is a Tokyo-based insurance holding company that provides a broad range of risk-transfer and risk-management products and services. The group’s core operations include property and casualty insurance for individuals and businesses, life insurance products, and related services such as claims handling, medical and nursing-care services, and assistance solutions. Sompo serves both retail and commercial customers with offerings that commonly include motor, homeowners, commercial property, liability, and specialty insurance lines.

In addition to its domestic Japanese business, Sompo has built a significant international footprint through subsidiaries and acquisitions, operating in regions including the Americas, Europe, Asia and Australia.