SBI (OTCMKTS:SBHGF) Shares Up 6.6% – Here’s What Happened

SBI Holdings Inc. (OTCMKTS:SBHGFGet Free Report)’s share price shot up 6.6% during trading on Tuesday . The company traded as high as $22.40 and last traded at $22.40. 2,350 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 17,895 shares. The stock had previously closed at $21.0120.

SBI Stock Down 3.2%

The company’s 50 day moving average price is $34.88 and its two-hundred day moving average price is $38.87. The firm has a market cap of $6.43 billion, a PE ratio of 3.66 and a beta of 0.72.

SBI (OTCMKTS:SBHGFGet Free Report) last announced its quarterly earnings data on Friday, October 31st. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.94. The business 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.

Read More

Receive News & Ratings for SBI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SBI and related companies with MarketBeat.com's FREE daily email newsletter.