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

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY)’s share price gapped up before the market opened 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 trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of 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 MarketBeat.com, the company presently has an average rating of “Hold”.

Sompo Stock Performance

The firm’s 50-day simple moving average is $21.50 and its 200 day simple moving average is $20.18. The company has a market cap of $39.16 billion, a P/E ratio of 8.25 and a beta of 0.29.

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