SBI (OTCMKTS:SBHGF) Shares Gap Down – Here’s Why

SBI Holdings Inc. (OTCMKTS:SBHGF) shares gapped down before the market opened on Tuesday . The stock had previously closed at $22.50, but opened at $22.00. SBI shares last traded at $21.50, with a volume of 1,718 shares.

SBI Stock Performance

The firm has a 50 day simple moving average of $33.52 and a 200 day simple moving average of $38.70. The firm has a market cap of $6.53 billion, a P/E ratio of 3.72 and a beta of 0.72.

SBI (OTCMKTS:SBHGF) last issued its quarterly earnings data on Friday, October 31st. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $0.64 by $0.94. SBI had a net margin of 16.99% and a return on equity of 15.66%. The company had revenue of $3.11 billion during the quarter.

About SBI

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.