SBI (OTCMKTS:SBHGF) Shares Gap Down – Here’s What Happened

SBI Holdings Inc. (OTCMKTS:SBHGFGet Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $23.95, but opened at $22.20. SBI shares last traded at $23.20, with a volume of 7,301 shares trading hands.

SBI Price Performance

The company has a market capitalization of $7.39 billion, a price-to-earnings ratio of 3.85 and a beta of 0.75. The firm’s 50-day simple moving average is $27.11 and its two-hundred day simple moving average is $37.54.

SBI (OTCMKTS:SBHGFGet Free Report) last issued its quarterly earnings data on Friday, October 31st. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.94. The firm had revenue of $3.11 billion during the quarter. SBI had a return on equity of 15.66% and a net margin of 16.99%.

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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