SBI Holdings, Inc. (OTCMKTS:SBHGF - Get Free Report)'s share price rose 5.1% during mid-day trading on Monday following a stronger than expected earnings report. The stock traded as high as $27.31 and last traded at $27.00. Approximately 6,911 shares changed hands during trading, an increase of 30% from the average daily volume of 5,315 shares. The stock had previously closed at $25.70.
The company reported $1.25 EPS for the quarter, beating the consensus estimate of $0.69 by $0.56. SBI had a net margin of 9.47% and a return on equity of 6.78%. The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.01 billion.
SBI Trading Up 2.0%
The company has a 50-day moving average of $26.35 and a 200-day moving average of $26.14. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 10.00 and a beta of 0.71.
About SBI
(
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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.
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