SBI (OTCMKTS:SBHGF) Stock Price Down 4.5% – Here’s Why

SBI Holdings, Inc. (OTCMKTS:SBHGF)’s stock price fell 4.5% during trading on Monday . The company traded as low as $20.85 and last traded at $21.60. 27 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 532 shares. The stock had previously closed at $22.63.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded SBI to a “strong-buy” rating in a report on Monday, July 29th.

SBI Stock Performance

The firm has a 50 day moving average price of $22.94 and a two-hundred day moving average price of $24.33. The company has a market capitalization of $7.20 billion, a P/E ratio of 12.05 and a beta of 0.94.

SBI (OTCMKTS:SBHGF) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.45 EPS for the quarter. The business had revenue of $2.12 billion during the quarter. SBI had a return on equity of 4.53% and a net margin of 6.79%.

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.