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.

Analyst Ratings Changes

Separately, Barclays raised shares of Sampo to a “hold” rating in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Sampo presently has a consensus rating of “Moderate Buy”.

Sampo Stock Up 1.0%

The stock has a market cap of $112.02 billion, a price-to-earnings ratio of 12.26 and a beta of 0.44. The firm’s fifty day moving average price is $21.70 and its two-hundred day moving average price is $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 earnings results on Thursday, February 5th. The financial services provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.27 by $0.05. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.33 billion.

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.