Sampo (OTCMKTS:SAXPY) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Sampo PLC (OTCMKTS:SAXPY)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty 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.

Analyst Ratings Changes

SAXPY has been the subject of several recent analyst reports. Kepler Capital Markets raised Sampo to a “strong-buy” rating in a report 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. Citigroup reaffirmed a “neutral” rating on shares of Sampo in a research report on Friday, April 24th. Zacks Research upgraded shares of Sampo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 30th. Finally, The Goldman Sachs Group raised shares of Sampo from a “sell” rating to a “buy” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Sampo Stock Performance

The stock has a market capitalization of $116.27 billion, a price-to-earnings ratio of 15.20 and a beta of 0.39. The company’s fifty day simple moving average is $21.28 and its 200 day simple moving average is $21.48. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31.

Sampo (OTCMKTS:SAXPY) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.48 billion. On average, equities research analysts expect that Sampo PLC will post 1.26 earnings per share for the current year.

About Sampo

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.