Sampo (OTCMKTS:SAXPY) Sees Unusually-High Trading Volume – Still a Buy?

Sampo PLC (OTCMKTS:SAXPY) shares saw unusually-high trading volume on Friday . Approximately 344,216 shares were traded during trading, an increase of 610% from the previous session’s volume of 48,458 shares.The stock last traded at $22.9980 and had previously closed at $23.2650.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SAXPY shares. Citigroup restated a “neutral” rating on shares of Sampo in a report on Thursday, November 20th. Keefe, Bruyette & Woods cut Sampo from a “moderate buy” rating to a “hold” rating in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Sampo Price Performance

The stock has a market cap of $123.18 billion, a PE ratio of 16.64 and a beta of 0.45. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.30 and a current ratio of 0.30. The business has a 50 day moving average price of $23.39 and a two-hundred day moving average price of $22.76.

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