Sompo (OTCMKTS:SMPNY) Shares Gap Down – Should You Sell?

Shares of Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) gapped down prior to trading on Tuesday. The stock had previously closed at $21.80, but opened at $21.0957. Sompo shares last traded at $21.18, with a volume of 4,599 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised Sompo to a “hold” rating in a research note on Thursday, September 10th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Sompo has an average rating of “Hold”.

Sompo Price Performance

The company’s 50-day moving average is $21.72 and its 200-day moving average is $20.00. The firm has a market capitalization of $39.18 billion, a price-to-earnings ratio of 8.26 and a beta of 0.29.

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

Sompo Company Profile

Sompo Holdings, Inc is a Japan-based insurance group that provides property and casualty insurance, life insurance, and related financial services. Its operations cover personal and commercial insurance needs, including automobile, fire, marine, liability, accident, and specialty insurance products.

The company also operates businesses in nursing care, healthcare, and digital services. Through its insurance subsidiaries and affiliated companies, Sompo provides risk management, underwriting, claims services, and other solutions for individuals, businesses, and public-sector organizations.

Sompo traces its history to Japan’s established property and casualty insurance industry and was formed as NKSJ Holdings in 2010 through the integration of Sompo Japan Insurance and Nipponkoa Insurance.