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

Sampo PLC (OTCMKTS:SAXPY)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $21.70 and traded as low as $20.86. Sampo shares last traded at $21.09, with a volume of 86,482 shares changing hands.

Analysts Set New Price Targets

Separately, Barclays upgraded shares of Sampo to a “hold” rating in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sampo has an average rating of “Moderate Buy”.

Sampo Stock Down 0.6%

The firm has a 50 day moving average price of $21.64 and a two-hundred day moving average price of $22.58. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $112.97 billion, a price-to-earnings ratio of 12.37 and a beta of 0.45.

Sampo (OTCMKTS:SAXPY) last released its quarterly earnings results on Thursday, February 5th. The financial services provider reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.33 billion.

About Sampo

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.