Sompo (OTCMKTS:SMPNY) Shares Down 10.6% – Here’s What Happened

Shares of Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) dropped 10.6% on Thursday . The stock traded as low as $17.3360 and last traded at $17.3360. Approximately 10,361 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 123,673 shares. The stock had previously closed at $19.39.

Sompo Stock Performance

The firm’s 50-day moving average is $18.71 and its two-hundred day moving average is $17.75. The stock has a market cap of $32.78 billion, a P/E ratio of 8.56 and a beta of 0.33.

Sompo (OTCMKTS:SMPNY) last posted its quarterly earnings data on Wednesday, May 20th. The company reported $0.44 earnings per share for the quarter. Sompo had a net margin of 10.62% and a return on equity of 13.26%. The firm had revenue of $8.84 billion during the quarter.

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.