SBI (OTCMKTS:SBHGF) Sees Large Volume Increase - Here's Why

Key Points

• SBI Holdings Inc. experienced a significant increase in trading volume, with approximately 7,376 shares exchanged, marking a 12% rise from the previous session.
• The company's stock price recently fell to $42.31, down from a previous close of $47.50, despite having a strong earnings report with an EPS of $1.81, exceeding analysts' estimates.
• SBI Holdings has a market capitalization of $13.61 billion and operates through five business segments, including financial services and crypto-assets.

SBI Holdings Inc. (OTCMKTS:SBHGF - Get Free Report) saw strong trading volume on Wednesday . 7,376 shares traded hands during trading, an increase of 12% from the previous session's volume of 6,607 shares.The stock last traded at $42.31 and had previously closed at $47.50.

SBI Price Performance

The firm has a fifty day moving average of $41.43 and a two-hundred day moving average of $32.91. The stock has a market capitalization of $13.95 billion, a P/E ratio of 9.76 and a beta of 0.75.

SBI (OTCMKTS:SBHGF - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.82. SBI had a net margin of 14.51% and a return on equity of 12.48%. The business had revenue of $3.09 billion for the quarter.

About SBI

SBI Holdings, Inc engages in the online securities and investment businesses. It operates through five business segments: Financial Services Business, Asset Management Business, Investment Business, Crypto-Asset Business, and Non-financial Business segments. The Financial Services Business segment consists of a range of finance-related business, including securities brokerage business; banking services business; and life, property, and casualty insurance business.