SBI (OTCMKTS:SBHGF) Stock Price Down 5.9% – Here’s Why

SBI Holdings Inc. (OTCMKTS:SBHGFGet Free Report) shares dropped 5.9% during mid-day trading on Wednesday . The stock traded as low as $20.70 and last traded at $20.70. Approximately 604 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 17,843 shares. The stock had previously closed at $22.00.

SBI Trading Down 4.5%

The firm has a fifty day moving average of $35.34 and a two-hundred day moving average of $39.00. The company has a market cap of $6.34 billion, a PE ratio of 3.61 and a beta of 0.72.

SBI (OTCMKTS:SBHGFGet Free Report) last issued its earnings results on Friday, October 31st. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.94. The firm had revenue of $3.11 billion during the quarter. SBI had a net margin of 16.99% and a return on equity of 15.66%.

SBI Company Profile

(Get Free Report)

SBI Holdings, Inc is a Japan-based financial services conglomerate that traces its origins to the establishment of SoftBank Investment in 1999. The company was rebranded as SBI Holdings in 2005 following its separation from SoftBank Group. Since its inception, SBI has pursued a diversified strategy aimed at integrating traditional financial services with emerging fintech innovations.

The group’s core activities encompass online securities brokerage, retail and corporate banking, asset management, insurance services and venture capital investments.

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