Sampo (OTCMKTS:SAXPY) Sets New 12-Month Low – Should You Sell?

Sampo PLC (OTCMKTS:SAXPY)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $19.83 and last traded at $19.89, with a volume of 1563 shares trading hands. The stock had previously closed at $20.36.

Wall Street Analyst Weigh In

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

Sampo Stock Down 0.2%

The stock has a 50-day simple moving average of $22.05 and a two-hundred day simple moving average of $21.50. The company has a quick ratio of 0.30, a current ratio of 0.29 and a debt-to-equity ratio of 0.39. The firm has a market cap of $105.91 billion, a PE ratio of 13.47 and a beta of 0.38.

Sampo (OTCMKTS:SAXPY) last issued 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 analysts’ expectations of $2.96 billion. Analysts expect 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.