Sompo (OTCMKTS:SMPNY) Shares Cross Below 50-Day Moving Average – Should You Sell?

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $21.71 and traded as low as $21.54. Sompo shares last traded at $21.67, with a volume of 1,155,149 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Sompo to a “hold” rating in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Sompo presently has a consensus rating of “Hold”.

Sompo Trading Down 3.6%

The firm has a market capitalization of $40.49 billion, a P/E ratio of 8.53 and a beta of 0.30. The business’s 50 day simple moving average is $21.71 and its two-hundred day simple moving average is $19.98.

Sompo (OTCMKTS:SMPNY) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.64 EPS for the quarter. Sompo had a net margin of 12.35% and a return on equity of 13.62%. The firm had revenue of $10.15 billion for the quarter. Analysts predict that Sompo Holdings, Inc. Unsponsored ADR will post 2.24 EPS for the current fiscal year.

Sompo Company Profile

Sompo Holdings, Inc is a Japan-based insurance and financial services group. Its main businesses include property and casualty insurance, life insurance, and nursing care services, serving individuals, businesses, and institutional customers.

The group’s insurance operations include Sompo Japan Insurance, which offers coverage such as automobile, fire, and other commercial and personal insurance, and Sompo Himawari Life Insurance, which provides life and health-related products. Sompo also operates nursing care and senior-care services through Sompo Care.

Headquartered in Tokyo, Sompo serves customers in Japan and through international insurance operations across regions including North America, Europe, and Asia.