Sompo (OTCMKTS:SMPNY) Shares Gap Up – Here’s Why

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) shares gapped up before the market opened on Thursday . The stock had previously closed at $21.26, but opened at $22.5230. Sompo shares last traded at $22.5230, with a volume of 190 shares traded.

Sompo Trading Up 2.1%

The company has a market capitalization of $41.55 billion, a P/E ratio of 8.76 and a beta of 0.29. The business has a 50 day moving average price of $21.07 and a 200 day moving average price of $19.62.

Sompo (OTCMKTS:SMPNY) last posted its earnings results on Friday, August 14th. The company reported $0.64 earnings per share (EPS) for the quarter. Sompo had a return on equity of 13.69% and a net margin of 12.35%.The business had revenue of $10.15 billion during the quarter.

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.