Sampo (OTCMKTS:SAXPY) Reaches New 1-Year Low – Time to Sell?

Sampo PLC (OTCMKTS:SAXPY)’s stock price hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $19.65 and last traded at $19.79, with a volume of 211552 shares changing hands. The stock had previously closed at $19.79.

Analysts Set New Price Targets

A number of analysts recently commented on the company. The Goldman Sachs Group upgraded Sampo from a “sell” rating to a “buy” rating in a research report on Thursday, July 9th. Zacks Research upgraded shares of Sampo from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 30th. Finally, Kepler Capital Markets raised shares of Sampo to a “strong-buy” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Sampo Stock Down 0.9%

The stock has a market cap of $103.62 billion, a price-to-earnings ratio of 13.18 and a beta of 0.38. The firm’s 50-day moving average is $21.63 and its 200 day moving average is $21.38. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.29 and a quick ratio of 0.29.

Sampo (OTCMKTS:SAXPY) last announced its quarterly earnings data 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 firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $2.96 billion. Sell-side analysts anticipate that Sampo PLC will post 1.27 earnings per share for the current fiscal year.

About Sampo

Sampo Oyj is a Finland-based insurance group focused on property and casualty (P&C) insurance. Through its subsidiaries, the company provides insurance products for individuals, businesses and public-sector customers, including motor, home, travel, personal accident, commercial property, liability and other specialty coverage.

Sampo’s principal insurance businesses include If P&C Insurance, which operates across the Nordic region and the Baltic countries, Topdanmark in Denmark, and Hastings in the United Kingdom.