Tokio Marine (OTCMKTS:TKOMY) Stock Price Passes Above 50 Day Moving Average - Time to Sell?

Key Points

• Tokio Marine's share price rose above its 50-day moving average of $41.10, reaching a peak of $41.60 before last trading at $40.45 with a volume of 71,150 shares.
• Nomura Securities has upgraded Tokio Marine to a "hold" rating, reflecting a potential positive outlook for the company's stock.
• The company reported earnings of $0.55 per share for the last quarter, with a net margin of 13.51% and revenue of $14.37 billion.

Tokio Marine Holdings Inc. (OTCMKTS:TKOMY - Get Free Report) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $41.10 and traded as high as $41.60. Tokio Marine shares last traded at $40.45, with a volume of 71,150 shares traded.

Analysts Set New Price Targets

Separately, Nomura Securities upgraded Tokio Marine to a "hold" rating in a report on Tuesday, June 3rd.

Tokio Marine Trading Down 0.3%

The business has a fifty day moving average of $41.15 and a 200-day moving average of $38.28. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.06 and a current ratio of 0.06. The company has a market capitalization of $79.60 billion, a P/E ratio of 11.47, a PEG ratio of 0.72 and a beta of 0.29.

Tokio Marine (OTCMKTS:TKOMY - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.71 earnings per share (EPS) for the quarter. Tokio Marine had a return on equity of 22.30% and a net margin of 13.51%. The company had revenue of $13.32 billion for the quarter. Analysts anticipate that Tokio Marine Holdings Inc. will post 3.51 earnings per share 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.