SBI (OTCMKTS:SBHGF) Sees Strong Trading Volume – Still a Buy?

SBI Holdings Inc. (OTCMKTS:SBHGFGet Free Report) saw unusually-strong trading volume on Wednesday . Approximately 42,494 shares were traded during trading, an increase of 256% from the previous session’s volume of 11,922 shares.The stock last traded at $22.2450 and had previously closed at $22.55.

SBI Price Performance

The firm has a 50-day simple moving average of $22.31 and a 200-day simple moving average of $35.21. The firm has a market capitalization of $7.32 billion, a PE ratio of 3.82 and a beta of 0.76.

SBI Company Profile

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SBI Holdings, Inc is a Japan-based financial services conglomerate that traces its origins to the establishment of SoftBank Investment in 1999. The company was rebranded as SBI Holdings in 2005 following its separation from SoftBank Group. Since its inception, SBI has pursued a diversified strategy aimed at integrating traditional financial services with emerging fintech innovations.

The group’s core activities encompass online securities brokerage, retail and corporate banking, asset management, insurance services and venture capital investments.

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