Sompo (OTCMKTS:SMPNY) Sees Large Volume Increase – Time to Buy?

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) saw unusually-high trading volume on Friday. Approximately 769,208 shares traded hands during mid-day trading, an increase of 396% from the average daily volume of 154,949 shares. The stock last traded at $22.06 and had previously closed at $22.47.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Sompo to a “hold” rating in a research note on Thursday, September 10th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, the company has an average rating of “Hold”.

Sompo Stock Performance

The company has a market capitalization of $41.01 billion, a P/E ratio of 8.64 and a beta of 0.30. The stock has a 50 day moving average price of $21.71 and a 200 day moving average price of $19.96.

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

About Sompo

Sompo Holdings, Inc is a Japan-based insurance and financial services group headquartered in Tokyo. The company operates primarily through property and casualty insurance, international insurance, and nursing care and healthcare-related businesses.

Its domestic operations include Sompo Japan, which provides personal and commercial insurance products such as automobile, fire, marine, accident, and liability coverage. Through Sompo International, the group also offers specialty insurance and reinsurance solutions to businesses and institutions in markets outside Japan.

Sompo additionally operates businesses focused on nursing care, healthcare, and related services in Japan.