Sampo (OTCMKTS:SAXPY) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Sampo PLC (OTCMKTS:SAXPY) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $22.11 and traded as low as $21.7390. Sampo shares last traded at $21.80, with a volume of 81,960 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SAXPY shares. Zacks Research raised shares of Sampo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 30th. Barclays raised shares of Sampo from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, May 27th. Kepler Capital Markets raised Sampo to a “strong-buy” rating in a research report on Thursday, June 25th. Finally, The Goldman Sachs Group upgraded shares of Sampo from a “sell” rating to a “buy” rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Sampo Trading Down 1.2%

The stock has a market capitalization of $115.79 billion, a PE ratio of 14.73 and a beta of 0.38. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average is $22.11 and its two-hundred day moving average is $21.52.

Sampo (OTCMKTS:SAXPY) last issued its quarterly earnings data on Wednesday, August 12th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.05). The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $2.96 billion. On average, analysts anticipate that Sampo PLC will post 1.27 earnings per share for the current fiscal year.

Sampo Company Profile

Sampo Oyj is a Finnish insurance group focused on property and casualty insurance in Northern Europe. Through its operating companies, Sampo provides insurance products and related services to individuals, businesses and public-sector organizations, including coverage for motor vehicles, homes, property, travel, personal accidents, liability and business risks.

Sampo’s principal insurance operations include If P&C Insurance, which serves customers across Finland, Sweden, Norway, Denmark and the Baltic countries, and Topdanmark, a major insurer in Denmark.