Sompo (OTCMKTS:SMPNY) Shares Gap Down – Here’s Why

Shares of Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) gapped down prior to trading on Wednesday . The stock had previously closed at $17.15, but opened at $16.37. Sompo shares last traded at $17.00, with a volume of 6,179 shares traded.

Sompo Stock Performance

The company has a market capitalization of $31.80 billion, a P/E ratio of 9.01 and a beta of 0.37. The business has a 50 day moving average of $15.77 and a 200 day moving average of $15.52. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.15.

Sompo (OTCMKTS:SMPNY) last released its quarterly earnings data on Wednesday, November 19th. The company reported $0.89 earnings per share (EPS) for the quarter. The business had revenue of $9.37 billion for the quarter. Sompo had a return on equity of 14.10% and a net margin of 10.20%. On average, sell-side analysts predict that Sompo Holdings, Inc. Unsponsored ADR will post 0.97 earnings per share for the current year.

About Sompo

Sompo Holdings, Inc (OTCMKTS:SMPNY) is a Tokyo-based insurance holding company that provides a broad range of risk-transfer and risk-management products and services. The group’s core operations include property and casualty insurance for individuals and businesses, life insurance products, and related services such as claims handling, medical and nursing-care services, and assistance solutions. Sompo serves both retail and commercial customers with offerings that commonly include motor, homeowners, commercial property, liability, and specialty insurance lines.

In addition to its domestic Japanese business, Sompo has built a significant international footprint through subsidiaries and acquisitions, operating in regions including the Americas, Europe, Asia and Australia.