Sompo (OTCMKTS:SMPNY) Shares Gap Up – Still a Buy?

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $21.95, but opened at $23.41. Sompo shares last traded at $22.20, with a volume of 12,460 shares trading hands.

Sompo Stock Up 2.7%

The company has a market cap of $42.36 billion, a price-to-earnings ratio of 9.69 and a beta of 0.30. The business’s fifty day simple moving average is $20.52 and its two-hundred day simple moving average is $19.30.

Sompo (OTCMKTS:SMPNY) last issued its earnings results on Friday, August 14th. The company reported $0.64 earnings per share (EPS) for the quarter. Sompo had a net margin of 11.95% and a return on equity of 13.10%.

Sompo Company Profile

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.