Sampo (OTCMKTS:SAXPY) Shares Gap Down – Here’s Why

Sampo PLC (OTCMKTS:SAXPY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $22.98, but opened at $21.83. Sampo shares last traded at $21.78, with a volume of 1,994 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SAXPY. Barclays raised shares of Sampo to a “hold” rating in a research report on Tuesday, January 13th. Keefe, Bruyette & Woods cut Sampo from a “moderate buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Citigroup reissued a “neutral” rating on shares of Sampo in a research note on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Sampo Price Performance

The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.35. The stock has a 50-day simple moving average of $23.43 and a 200 day simple moving average of $22.85. The stock has a market capitalization of $116.26 billion, a price-to-earnings ratio of 15.70 and a beta of 0.45.

Sampo (OTCMKTS:SAXPY) last posted its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.10. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations 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.