SBI (OTCMKTS:SBHGF) Shares Gap Down – Time to Sell?

SBI Holdings Inc. (OTCMKTS:SBHGF)’s stock price 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 changing hands.

SBI Trading Down 3.9%

The company has a market cap of $6.53 billion, a price-to-earnings ratio of 3.72 and a beta of 0.72. The business has a fifty day moving average price of $33.52 and a two-hundred day moving average price of $38.70.

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

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.