Sompo (OTCMKTS:SMPNY) Sees Strong Trading Volume – Time to Buy?

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) saw an uptick in trading volume on Friday. Approximately 769,208 shares were traded 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.

Analysts Set New Price Targets

Separately, Zacks Research raised Sompo to a “hold” rating in a research report on Thursday, September 10th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Sompo Trading Down 2.3%

The firm has a fifty day moving average of $21.71 and a two-hundred day moving average of $19.96. The company has a market cap of $41.01 billion, a PE ratio of 8.64 and a beta of 0.30.

Sompo (OTCMKTS:SMPNY) last released its quarterly earnings data on Friday, August 14th. The company reported $0.64 EPS for the quarter. The business had revenue of $10.15 billion for the quarter. Sompo had a net margin of 12.35% and a return on equity of 13.62%. Sell-side analysts expect that Sompo Holdings, Inc. Unsponsored ADR will post 2.24 EPS for the current fiscal 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.