Sampo (OTCMKTS:SAXPY) Sees Strong Trading Volume – Time to Buy?

Sampo PLC (OTCMKTS:SAXPY) saw an uptick in trading volume on Tuesday . 834,952 shares changed hands during trading, an increase of 741% from the previous session’s volume of 99,307 shares.The stock last traded at $22.37 and had previously closed at $22.25.

Analyst Upgrades and Downgrades

SAXPY has been the topic of several recent research reports. Citigroup restated a “neutral” rating on shares of Sampo in a report on Thursday, November 20th. Keefe, Bruyette & Woods lowered Sampo from a “moderate buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Barclays upgraded shares of Sampo to a “hold” rating in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Sampo Stock Performance

The company has a market cap of $120.29 billion, a PE ratio of 16.25 and a beta of 0.45. The stock’s 50 day simple moving average is $23.37 and its two-hundred day simple moving average is $22.87. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.35.

Sampo (OTCMKTS:SAXPY) last released its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.10. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.27 billion.

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.