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

Shares of Sampo PLC (OTCMKTS:SAXPY) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $21.03 and traded as high as $22.09. Sampo shares last traded at $21.97, with a volume of 62,242 shares.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SAXPY. Zacks Research raised shares of Sampo from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 30th. Citigroup reiterated a “neutral” rating on shares of Sampo in a research report on Friday, April 24th. The Goldman Sachs Group raised shares of Sampo from a “sell” rating to a “buy” rating in a research note on Thursday, July 9th. Barclays raised shares of Sampo from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, May 27th. Finally, Kepler Capital Markets upgraded shares of Sampo to a “strong-buy” rating in a research note 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Sampo Trading Up 0.4%

The firm has a market cap of $116.69 billion, a price-to-earnings ratio of 15.26 and a beta of 0.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. The company’s 50-day moving average is $21.03 and its 200-day moving average is $21.66.

Sampo (OTCMKTS:SAXPY) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.48 billion. On average, research analysts predict that Sampo PLC will post 1.3 earnings per share for the current year.

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.