Sampo (OTCMKTS:SAXPY) Shares Pass Below 50-Day Moving Average – What’s Next?

Sampo PLC (OTCMKTS:SAXPY) shares crossed 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.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SAXPY. Kepler Capital Markets raised shares of 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 research report on Wednesday, May 27th. The Goldman Sachs Group raised shares of Sampo from a “sell” rating to a “buy” rating in a research report on Thursday, July 9th. Finally, Zacks Research raised Sampo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Sampo Stock Up 0.1%

The company’s 50 day moving average price is $22.12 and its two-hundred day moving average price is $21.52. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The firm has a market cap of $115.79 billion, a PE ratio of 14.73 and a beta of 0.38.

Sampo (OTCMKTS:SAXPY) last released its quarterly 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 business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $2.96 billion. On average, equities research analysts expect that Sampo PLC will post 1.27 EPS for the current fiscal 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.