SBI Holdings Inc. (OTCMKTS:SBHGF – Get Free Report)’s share price rose 6.8% on Friday following a better than expected earnings announcement. The stock traded as high as $18.98 and last traded at $18.7420. 530 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 12,095 shares. The stock had previously closed at $17.55.
The company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.69.
Analysts Set New Price Targets
Separately, Zacks Research upgraded shares of SBI to a “hold” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, SBI presently has a consensus rating of “Hold”.
SBI Stock Performance
The stock’s fifty day moving average is $17.52 and its two-hundred day moving average is $19.43. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 3.23 and a beta of 0.79.
About SBI
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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