SBI (OTCMKTS:SBHGF) Trading Up 4.2% – Time to Buy?

SBI Holdings, Inc. (OTCMKTS:SBHGF)’s stock price rose 4.2% on Tuesday . The company traded as high as $23.45 and last traded at $23.45. Approximately 1,272 shares changed hands during trading, an increase of 133% from the average daily volume of 545 shares. The stock had previously closed at $22.50.

Analysts Set New Price Targets

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

SBI Stock Performance

The company has a 50-day moving average of $22.16 and a 200-day moving average of $23.66. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 11.33 and a beta of 0.96.

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.