SBI (OTCMKTS:SBHGF) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of SBI (OTCMKTS:SBHGF) to a hold rating in a research note released on Wednesday,Zacks.com reports.

SBI Stock Performance

OTCMKTS:SBHGF opened at $20.11 on Wednesday. The business’s fifty day moving average is $19.40 and its 200 day moving average is $26.18. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 3.46 and a beta of 0.81. SBI has a 52-week low of $12.09 and a 52-week high of $25.72.

SBI Company Profile

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.