Sampo (OTCMKTS:SAXPY) Stock Passes Below 50 Day Moving Average – Here’s Why

Sampo PLC (OTCMKTS:SAXPY) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $23.44 and traded as low as $22.96. Sampo shares last traded at $22.96, with a volume of 71,692 shares traded.

Analyst Ratings Changes

SAXPY has been the topic of a number of research reports. Barclays raised shares of Sampo to a “hold” rating in a research note on Tuesday, January 13th. Citigroup reiterated a “neutral” rating on shares of Sampo in a report on Thursday, November 20th. Finally, Keefe, Bruyette & Woods lowered Sampo from a “moderate buy” rating to a “hold” rating in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Sampo Stock Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.30 and a current ratio of 0.30. The business’s 50-day moving average is $23.44 and its 200-day moving average is $22.85. The company has a market capitalization of $122.64 billion, a PE ratio of 16.57 and a beta of 0.45.

Sampo (OTCMKTS:SAXPY) last announced its earnings results on Wednesday, November 5th. The financial services provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.10. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.27 billion.

About Sampo

Sampo plc is a Finland-based insurance and financial services group that primarily underwrites property and casualty (P&C) insurance while also offering life insurance and related financial products. The company operates through subsidiaries that provide a mix of retail and corporate insurance solutions, claims handling and risk management services. Its business model emphasizes underwriting discipline and diversified exposure across personal, commercial and specialty insurance lines.

Sampo’s operations include well-known subsidiaries that deliver core products and services: a Nordic P&C insurer that writes motor, property, liability and specialty lines, and a life insurance and wealth management arm that offers savings, pension solutions and asset management services.