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 trading hands.

Sompo Stock Performance

The firm has a market cap of $41.55 billion, a price-to-earnings ratio of 8.76 and a beta of 0.29. The firm’s 50 day moving average is $21.07 and its 200-day moving average is $19.62.

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

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.