Tokio Marine (OTCMKTS:TKOMY) Shares Gap Down - Here's What Happened

Key Points

• Tokio Marine Holdings Inc. experienced a significant decline in share price, opening at $37.33 after closing at $39.07, with a trading volume of 851 shares.
• Recent analyst ratings reflect a negative outlook, as Wall Street Zen downgraded the stock from "strong-buy" to "buy," while Zacks Research issued a "strong sell" rating.
• The company reported $0.71 EPS and revenue of $13.32 billion for the previous quarter, with an average analyst forecast of 3.51 EPS for the current fiscal year.

Tokio Marine Holdings Inc. (OTCMKTS:TKOMY - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $39.07, but opened at $37.33. Tokio Marine shares last traded at $37.33, with a volume of 851 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TKOMY shares. Wall Street Zen downgraded shares of Tokio Marine from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 19th. Zacks Research downgraded shares of Tokio Marine from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Tokio Marine currently has an average rating of "Reduce".

Tokio Marine Stock Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a market capitalization of $75.43 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 0.69 and a beta of 0.24. The firm's fifty day moving average is $42.59 and its 200 day moving average is $41.04.

Tokio Marine (OTCMKTS:TKOMY - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.71 EPS for the quarter. The business had revenue of $13.32 billion during the quarter. Tokio Marine had a net margin of 13.45% and a return on equity of 22.49%. On average, analysts predict that Tokio Marine Holdings Inc. will post 3.51 EPS for the current fiscal year.

About Tokio Marine

Tokio Marine Holdings, Inc, together with its subsidiaries, engages in non-life and life insurance, international insurance, and financial and general businesses worldwide. The company provides business, fire, Internet and mobile, rental housing, and natural catastrophe risk insurance services, as well as insurance for retail and corporate fields.

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