Sompo (OTCMKTS:SMPNY) Shares Down 10.6% – Here’s What Happened

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) was down 10.6% on Thursday . The company traded as low as $17.3360 and last traded at $17.3360. Approximately 10,361 shares traded hands during trading, a decline of 92% from the average daily volume of 123,673 shares. The stock had previously closed at $19.39.

Sompo Stock Down 9.5%

The company has a market capitalization of $32.78 billion, a price-to-earnings ratio of 8.56 and a beta of 0.33. The business has a fifty day simple moving average of $18.71 and a two-hundred day simple moving average of $17.75.

Sompo (OTCMKTS:SMPNY) last announced its earnings results on Wednesday, May 20th. The company reported $0.44 EPS for the quarter. The business had revenue of $8.84 billion for the quarter. Sompo had a return on equity of 13.26% and a net margin of 10.62%.

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.