Tokio Marine (OTCMKTS:TKOMY) Stock Price Crosses Below 50-Day Moving Average - What's Next?

Key Points

• Tokio Marine Holdings Inc. stock price fell below its 50-day moving average of $42.66, trading as low as $42.40 before recovering to $42.84.
• Recent analyst ratings show a mix of perspectives, with Nomura upgrading the stock to "hold" while Zacks downgrades it to a "strong sell" and consensus rating from analysts is currently "Reduce."
• The company reported a net margin of 13.45% and expects to achieve an earnings per share of 3.51 for the current year, signaling potential challenges ahead.

Tokio Marine Holdings Inc. (OTCMKTS:TKOMY - Get Free Report) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $42.66 and traded as low as $42.40. Tokio Marine shares last traded at $42.84, with a volume of 49,470 shares.

Analyst Ratings Changes

Several brokerages have recently weighed in on TKOMY. Nomura Securities upgraded Tokio Marine to a "hold" rating in a report on Tuesday, June 3rd. Zacks Research downgraded Tokio Marine from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 26th. Finally, Wall Street Zen downgraded Tokio Marine from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 6th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Tokio Marine currently has a consensus rating of "Reduce".

Tokio Marine Stock Down 0.6%

The company's 50 day moving average price is $42.66 and its two-hundred day moving average price is $40.61. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.05. The stock has a market cap of $82.85 billion, a P/E ratio of 11.77, a P/E/G ratio of 0.76 and a beta of 0.27.

Tokio Marine (OTCMKTS:TKOMY - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.71 earnings per share for the quarter. Tokio Marine had a net margin of 13.45% and a return on equity of 22.49%. The firm had revenue of $13.32 billion during the quarter. As a group, research analysts expect that Tokio Marine Holdings Inc. will post 3.51 earnings per share for the current 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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