Sampo Oyj (OTCMKTS:SAXPY) Share Price Passes Above Fifty Day Moving Average – Time to Sell?

Sampo Oyj (OTCMKTS:SAXPY) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $19.78 and traded as high as $21.58. Sampo Oyj shares last traded at $21.53, with a volume of 23,289 shares traded.

Sampo Oyj Stock Performance

The firm has a market capitalization of $115.88 billion, a price-to-earnings ratio of 17.65 and a beta of 0.59. The stock’s 50 day moving average price is $19.78 and its two-hundred day moving average price is $20.20. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.43.

Sampo Oyj (OTCMKTS:SAXPY) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.16 billion.

Sampo Oyj Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, May 21st. Stockholders of record on Monday, April 28th were given a $0.4169 dividend. This represents a dividend yield of 2.08%. The ex-dividend date of this dividend was Friday, April 25th. Sampo Oyj’s dividend payout ratio is currently 34.07%.

About Sampo Oyj

Sampo Oyj, together with its subsidiaries, engages in the provision of non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, and the United Kingdom. The company operates through If, Topdanmark, Hastings, Mandatum, and Holding segments. It offers property, casualty, liability, accident, sickness, household, homeowner, motor, travel, marine, aviation, transport, forest, livestock, health, workers compensation, car, van, and bike insurance services, as well as reinsurance services.