Sampo (OTCMKTS:SAXPY) Reaches New 12-Month High on Strong Earnings

Sampo PLC (OTCMKTS:SAXPYGet Free Report) reached a new 52-week high during mid-day trading on Wednesday following a stronger than expected earnings report. The company traded as high as $22.83 and last traded at $22.81, with a volume of 1105 shares traded. The stock had previously closed at $22.06.

The financial services provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.16 billion.

Analyst Ratings Changes

Separately, Berenberg Bank upgraded Sampo to a “strong-buy” rating in a research report on Wednesday, July 2nd.

Read Our Latest Research Report on Sampo

Sampo Trading Up 4.6%

The business has a 50 day simple moving average of $21.53 and a 200-day simple moving average of $20.49. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $124.23 billion, a price-to-earnings ratio of 25.36 and a beta of 0.57.

About Sampo

(Get Free Report)

Sampo Oyj, together with its subsidiaries, engages in the provision of non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, and the United Kingdom. The company operates through If, Topdanmark, Hastings, Mandatum, and Holding segments. It offers property, casualty, liability, accident, sickness, household, homeowner, motor, travel, marine, aviation, transport, forest, livestock, health, workers compensation, car, van, and bike insurance services, as well as reinsurance services.

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