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

Sampo PLC (OTCMKTS:SAXPY)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $22.11 and traded as low as $21.7390. Sampo shares last traded at $21.80, with a volume of 81,960 shares traded.

Analyst Ratings Changes

A number of analysts recently issued reports on SAXPY shares. The Goldman Sachs Group upgraded Sampo from a “sell” rating to a “buy” rating in a report on Thursday, July 9th. Kepler Capital Markets raised Sampo to a “strong-buy” rating in a research report on Thursday, June 25th. Barclays upgraded Sampo from an “equal weight” rating to an “overweight” rating in a report on Wednesday, May 27th. Finally, Zacks Research raised Sampo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 30th. One equities research 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Sampo Stock Down 1.2%

The business’s 50 day moving average is $22.11 and its 200 day moving average is $21.52. The company has a market capitalization of $115.79 billion, a price-to-earnings ratio of 14.73 and a beta of 0.38. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30.

Sampo (OTCMKTS:SAXPY) last released its earnings results on Wednesday, August 12th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.05). The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Sell-side analysts anticipate that Sampo PLC will post 1.27 earnings per share for the current year.

About Sampo

Sampo Oyj is a Finnish insurance group focused on property and casualty insurance in Northern Europe. Through its operating companies, Sampo provides insurance products and related services to individuals, businesses and public-sector organizations, including coverage for motor vehicles, homes, property, travel, personal accidents, liability and business risks.

Sampo’s principal insurance operations include If P&C Insurance, which serves customers across Finland, Sweden, Norway, Denmark and the Baltic countries, and Topdanmark, a major insurer in Denmark.