SBI Holdings, Inc. (OTCMKTS:SBHGF – Get Free Report)’s share price traded up 5.1% during trading on Monday following a better than expected earnings announcement. The company traded as high as $27.31 and last traded at $27.00. 6,911 shares changed hands during mid-day trading, an increase of 30% from the average session volume of 5,315 shares. The stock had previously closed at $25.70.
The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.56. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.01 billion. SBI had a net margin of 9.47% and a return on equity of 6.78%.
SBI Stock Performance
The business’s 50 day moving average is $26.42 and its 200 day moving average is $26.14. The company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 9.89 and a beta of 0.71.
SBI Company Profile
SBI Holdings, Inc engages in the online securities and investment businesses. It operates through five business segments: Financial Services Business, Asset Management Business, Investment Business, Crypto-Asset Business, and Non-financial Business segments. The Financial Services Business segment consists of a range of finance-related business, including securities brokerage business; banking services business; and life, property, and casualty insurance business.
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