Sompo (OTCMKTS:SMPNY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) saw unusually-strong trading volume on Thursday . Approximately 154,333 shares traded hands during trading, an increase of 7% from the previous session’s volume of 144,596 shares.The stock last traded at $19.91 and had previously closed at $19.41.

Sompo Trading Up 2.3%

The company has a 50 day moving average of $18.69 and a 200-day moving average of $18.22. The firm has a market capitalization of $37.11 billion, a P/E ratio of 8.49 and a beta of 0.32.

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

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.