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SBI (OTCMKTS:SBHGF) Stock Price Up 9.3% - Time to Buy?

SBI logo with Finance background

SBI Holdings Inc. (OTCMKTS:SBHGF - Get Free Report) shot up 9.3% during mid-day trading on Wednesday . The stock traded as high as $36.08 and last traded at $36.08. 1,033 shares traded hands during trading, a decline of 82% from the average session volume of 5,716 shares. The stock had previously closed at $33.00.

SBI Trading Up 0.8%

The stock's fifty day simple moving average is $29.83 and its 200 day simple moving average is $28.07. The company has a market cap of $11.03 billion, a price-to-earnings ratio of 10.83 and a beta of 0.74.

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

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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