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SBI (OTCMKTS:SBHGF) Stock Price Down 5.8% - Here's What Happened

SBI logo with Finance background

Shares of SBI Holdings Inc. (OTCMKTS:SBHGF - Get Free Report) dropped 5.8% on Thursday . The stock traded as low as $36.45 and last traded at $36.45. Approximately 4,228 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 5,620 shares. The stock had previously closed at $38.71.

SBI Price Performance

The business has a fifty day moving average of $31.79 and a 200 day moving average of $28.75. The stock has a market cap of $11.80 billion, a price-to-earnings ratio of 11.59 and a beta of 0.74.

SBI (OTCMKTS:SBHGF - Get Free Report) last released its earnings results on Friday, May 9th. The company reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.56. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.01 billion. SBI had a net margin of 11.23% and a return on equity of 8.76%.

About SBI

(Get Free Report)

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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