Sampo (OTCMKTS:SAXPY) Stock Passes Above 50 Day Moving Average – What’s Next?

Sampo PLC (OTCMKTS:SAXPY)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $21.28 and traded as high as $22.11. Sampo shares last traded at $21.89, with a volume of 25,885 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Citigroup reaffirmed a “neutral” rating on shares of Sampo in a research report on Friday, April 24th. Kepler Capital Markets raised shares of Sampo to a “strong-buy” rating in a research note on Thursday, June 25th. Barclays upgraded shares of Sampo from an “equal weight” rating to an “overweight” rating in a report on Wednesday, May 27th. Zacks Research upgraded shares of Sampo from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 30th. Finally, The Goldman Sachs Group upgraded shares of Sampo from a “sell” rating to a “buy” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Sampo Price Performance

The firm has a fifty day moving average price of $21.29 and a two-hundred day moving average price of $21.47. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $116.58 billion, a P/E ratio of 17.20 and a beta of 0.39.

Sampo (OTCMKTS:SAXPY) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.23 by $0.07. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.48 billion. On average, analysts expect that Sampo PLC will post 1.26 EPS for the current year.

Sampo Company Profile

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.