Sampo (OTCMKTS:SAXPY) Stock Passes Below Fifty Day Moving Average – Here’s Why

Sampo PLC (OTCMKTS:SAXPY) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $21.70 and traded as low as $20.86. Sampo shares last traded at $21.09, with a volume of 86,482 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded shares of Sampo to a “hold” rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Sampo Price Performance

The firm has a market cap of $112.02 billion, a P/E ratio of 12.26 and a beta of 0.44. The company has a fifty day moving average of $21.70 and a 200-day moving average of $22.60. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.30 and a quick ratio of 0.30.

Sampo (OTCMKTS:SAXPY) last issued its quarterly earnings data on Thursday, February 5th. The financial services provider reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.05. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.33 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.