Sompo (OTCMKTS:SMPNY) Sees Large Volume Increase – Time to Buy?

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) saw strong trading volume on Friday . Approximately 411,173 shares traded hands during trading, an increase of 168% from the previous session’s volume of 153,247 shares.The stock last traded at $22.05 and had previously closed at $22.68.

Sompo Price Performance

The firm has a market cap of $41.37 billion, a PE ratio of 9.46 and a beta of 0.32. The stock has a 50-day moving average price of $19.87 and a 200 day moving average price of $19.04.

Sompo (OTCMKTS:SMPNY) last released its earnings results on Wednesday, May 20th. The company reported $0.44 earnings per share for the quarter. Sompo had a return on equity of 13.10% and a net margin of 11.95%.The firm had revenue of $8.84 billion for the quarter.

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.