Tokio Marine (OTCMKTS:TKOMY) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Tokio Marine Holdings Inc. (OTCMKTS:TKOMY)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $36.84 and traded as low as $36.26. Tokio Marine shares last traded at $36.45, with a volume of 99,259 shares trading hands.

Wall Street Analysts Forecast Growth

TKOMY has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Tokio Marine from a “buy” rating to a “hold” rating in a research report on Thursday, November 27th. Zacks Research upgraded Tokio Marine from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Tokio Marine has a consensus rating of “Hold”.

Tokio Marine Trading Down 0.9%

The company’s 50 day simple moving average is $36.84 and its 200 day simple moving average is $39.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.04 and a quick ratio of 0.05. The firm has a market cap of $70.49 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 0.64 and a beta of 0.18.

Tokio Marine (OTCMKTS:TKOMY) last released its earnings results on Wednesday, November 19th. The company reported $0.79 earnings per share (EPS) for the quarter. Tokio Marine had a return on equity of 15.81% and a net margin of 9.67%.The firm had revenue of $14.24 billion during the quarter. As a group, research analysts expect that Tokio Marine Holdings Inc. will post 3.51 earnings per share for the current fiscal year.

Tokio Marine Company Profile

Tokio Marine is a Tokyo‑headquartered insurance group with roots in the late 19th century and is one of Japan’s largest insurers. The company operates through a network of subsidiaries and affiliates to provide a broad suite of insurance and risk‑management services. Tokio Marine’s operations encompass both life and non‑life insurance businesses and are organized to serve individual policyholders, commercial clients and institutional customers.

The group’s core products and services include property & casualty insurance—covering commercial and personal lines such as fire, automobile, marine and casualty—specialty insurance solutions, reinsurance and life and health insurance.