SBI (OTCMKTS:SBHGF) Stock Price Up 2.8% – Here’s Why

SBI Holdings Inc. (OTCMKTS:SBHGF)’s stock price shot up 2.8% on Monday . The stock traded as high as $22.00 and last traded at $22.00. 1,151 shares traded hands during trading, a decline of 94% from the average session volume of 17,747 shares. The stock had previously closed at $21.3990.

SBI Stock Up 2.8%

The firm’s fifty day simple moving average is $33.96 and its 200-day simple moving average is $38.77. The company has a market cap of $6.65 billion, a PE ratio of 3.79 and a beta of 0.72.

SBI (OTCMKTS:SBHGF) last issued its quarterly earnings data 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. SBI had a net margin of 16.99% and a return on equity of 15.66%. The business had revenue of $3.11 billion during the quarter.

SBI Company Profile

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.