Sompo (OTCMKTS:SMPNY) Shares Gap Up - Here's Why

Key Points

• Sompo Holdings, Inc. shares gapped up from a previous close of $16.06 to an opening price of $16.75 before last trading at $16.21 with a volume of 3,273 shares.
• The company reported quarterly earnings of $0.44 per share, with revenues of $8.75 billion and a return on equity of 14.57%.
• Sompo has a market capitalization of $30.33 billion and a P/E ratio of 11.27, indicating relatively stable performance in the insurance market.

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $16.06, but opened at $16.75. Sompo shares last traded at $16.21, with a volume of 3,273 shares changing hands.

Sompo Trading Up 0.3%

The stock has a market capitalization of $30.16 billion, a price-to-earnings ratio of 10.83 and a beta of 0.39. The firm has a 50-day moving average of $15.04 and a 200 day moving average of $15.17.

Sompo (OTCMKTS:SMPNY - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported $0.44 EPS for the quarter. Sompo had a return on equity of 14.81% and a net margin of 8.14%.The firm had revenue of $8.75 billion for the quarter. Equities research analysts predict that Sompo Holdings, Inc. Unsponsored ADR will post 0.97 EPS for the current fiscal 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.