SBI (OTCMKTS:SBHGF) Sees Strong Trading Volume – Here’s Why

SBI Holdings Inc. (OTCMKTS:SBHGFGet Free Report) shares saw unusually-high trading volume on Thursday . Approximately 45,139 shares traded hands during mid-day trading, an increase of 312% from the previous session’s volume of 10,966 shares.The stock last traded at $22.0415 and had previously closed at $22.55.

SBI Trading Up 1.7%

The business’s fifty day moving average price is $29.58 and its 200 day moving average price is $37.97. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 3.91 and a beta of 0.75.

SBI (OTCMKTS:SBHGFGet Free Report) last announced its earnings results on Friday, October 31st. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.94. SBI had a net margin of 16.99% and a return on equity of 15.66%. The business had revenue of $3.11 billion during the quarter.

SBI Company Profile

(Get Free Report)

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.

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