Sompo (OTCMKTS:SMPNY) Stock Price Up 8.4% – Time to Buy?

Shares of Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) rose 8.4% during mid-day trading on Wednesday . The stock traded as high as $19.2475 and last traded at $19.2475. Approximately 489,011 shares were traded during trading, an increase of 272% from the average daily volume of 131,364 shares. The stock had previously closed at $17.7590.

Sompo Trading Up 0.1%

The company has a market capitalization of $34.77 billion, a price-to-earnings ratio of 7.95 and a beta of 0.33. The stock has a 50-day simple moving average of $18.67 and a 200-day simple moving average of $17.88.

Sompo (OTCMKTS:SMPNY) last released its quarterly earnings results on Wednesday, May 20th. The company reported $0.44 earnings per share for the quarter. The business had revenue of $8.84 billion during the quarter. Sompo had a net margin of 11.95% and a return on equity of 13.42%.

Sompo Company Profile

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.