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

Sampo PLC (OTCMKTS:SAXPY) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $21.30 and traded as high as $21.46. Sampo shares last traded at $21.46, with a volume of 117,592 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SAXPY. Citigroup reiterated a “neutral” rating on shares of Sampo in a research report on Friday, April 24th. Zacks Research upgraded Sampo to a “strong sell” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Sampo presently has an average rating of “Hold”.

Sampo Trading Up 0.7%

The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $21.30 and a 200-day simple moving average of $22.26. The company has a market capitalization of $113.98 billion, a PE ratio of 14.90 and a beta of 0.39.

Sampo (OTCMKTS:SAXPY) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.07. The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Analysts predict that Sampo PLC will post 1.11 EPS for the current year.

Sampo Company Profile

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.