Sampo (OTCMKTS:SAXPY) Hits New 52-Week Low – Here’s Why

Sampo PLC (OTCMKTS:SAXPY)’s stock price hit a new 52-week low on Wednesday. The stock traded as low as $19.78 and last traded at $19.83, with a volume of 140608 shares trading hands. The stock had previously closed at $20.10.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SAXPY shares. Zacks Research upgraded shares of Sampo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 30th. The Goldman Sachs Group raised Sampo from a “sell” rating to a “buy” rating in a report on Thursday, July 9th. Finally, Kepler Capital Markets upgraded Sampo to a “strong-buy” rating in a research report on Thursday, June 25th. 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Sampo Stock Up 0.5%

The company has a market capitalization of $105.06 billion, a PE ratio of 13.36 and a beta of 0.38. The firm’s 50-day simple moving average is $21.81 and its 200 day simple moving average is $21.44. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.29 and a current ratio of 0.29.

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

About Sampo

Sampo Oyj is a Finland-based insurance group focused on property and casualty (P&C) insurance. Through its subsidiaries, the company provides insurance products for individuals, businesses and public-sector customers, including motor, home, travel, personal accident, commercial property, liability and other specialty coverage.

Sampo’s principal insurance businesses include If P&C Insurance, which operates across the Nordic region and the Baltic countries, Topdanmark in Denmark, and Hastings in the United Kingdom.