Sampo (OTCMKTS:SAXPY) Sets New 52-Week Low – Here’s What Happened

Shares of Sampo PLC (OTCMKTS:SAXPY) reached a new 52-week low during trading on Thursday . The stock traded as low as $19.83 and last traded at $19.89, with a volume of 1563 shares. The stock had previously closed at $20.36.

Wall Street Analyst Weigh In

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

Sampo Stock Down 0.2%

The stock’s fifty day moving average is $22.05 and its 200 day moving average is $21.50. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $105.91 billion, a P/E ratio of 13.47 and a beta of 0.38.

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

About Sampo

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.