Suruga Bank (OTCMKTS:SUGBY) Hits New 1-Year High – Should You Buy?

Suruga Bank Ltd. (OTCMKTS:SUGBY)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $72.20 and last traded at $72.20, with a volume of 0 shares traded. The stock had previously closed at $72.20.

Suruga Bank Price Performance

The business has a 50-day moving average price of $72.20 and a two-hundred day moving average price of $68.29. The firm has a market cap of $1.42 billion, a PE ratio of 11.74 and a beta of -0.07.

Suruga Bank (OTCMKTS:SUGBY) last posted its quarterly earnings data on Thursday, August 8th. The company reported $2.07 earnings per share for the quarter. Suruga Bank had a return on equity of 6.24% and a net margin of 20.05%. The business had revenue of $123.20 million for the quarter.

About Suruga Bank

Suruga Bank Ltd. provides various banking and financial products and services to individuals and corporate customers in Japan. The company offers deposit products, such as time, ordinary, savings, foreign currency, and other deposits, as well as current and general accounts; card, housing, second house, startup, and business up term loans, as well as loans by purpose; credit and debit cards; overdrafts; and other financing products.