SBI (OTCMKTS:SBHGF) Shares Gap Up – Time to Buy?

SBI Holdings Inc. (OTCMKTS:SBHGFGet Free Report) gapped up before the market opened on Friday . The stock had previously closed at $22.86, but opened at $23.95. SBI shares last traded at $23.92, with a volume of 726 shares trading hands.

SBI Price Performance

The firm has a market capitalization of $7.91 billion, a PE ratio of 4.12 and a beta of 0.75. The stock’s fifty day simple moving average is $27.52 and its 200 day simple moving average is $37.62.

SBI (OTCMKTS:SBHGFGet Free Report) last issued its quarterly earnings results on Friday, October 31st. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate 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 for the quarter.

About SBI

(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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