Sompo (OTCMKTS:SMPNY) Sees Large Volume Increase - Here's Why

Key Points

• Sompo Holdings' shares experienced an impressive trading volume of 823,019 shares on Wednesday, which is a 660% increase from the previous session.
• The stock is currently trading at $15.98, with a market capitalization of $30.30 billion and a P/E ratio of 11.26.
• Sompo reported a quarterly earnings of $0.17 EPS and forecasts an annual earning of $0.97 EPS for the year.

Shares of Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 823,019 shares changed hands during trading, an increase of 660% from the previous session's volume of 108,262 shares.The stock last traded at $15.98 and had previously closed at $16.13.

Sompo Stock Performance

The stock has a fifty day simple moving average of $14.99 and a two-hundred day simple moving average of $15.14. The stock has a market capitalization of $30.33 billion, a price-to-earnings ratio of 10.89 and a beta of 0.39.

Sompo (OTCMKTS:SMPNY - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.44 earnings per share (EPS) for the quarter. The business had revenue of $8.75 billion during the quarter. Sompo had a return on equity of 14.81% and a net margin of 8.14%. Research analysts forecast that Sompo Holdings, Inc. Unsponsored ADR will post 0.97 earnings per share for the current year.

About Sompo

Sompo Holdings, Inc provides property and casualty (P&C) insurance services in Japan and internationally. The company operates through Domestic P&C Insurance Business, Overseas Insurance Business, Domestic Life Insurance Business, and Nursing Care & Seniors Business segments. It offers various P&C insurance products, including automobile, fire, personal accident, and marine, as well as security, risk management, assistance, and warranty services; and life insurance products.