Sampo (OTCMKTS:SAXPY) Stock Price Passes Above Fifty Day Moving Average - Time to Sell?

Key Points

• Sampo shares rose above their 50-day moving average, reaching $22.94 and last trading at $22.92, compared with a 50-day average of $21.75.
• Analyst sentiment has improved, with several firms upgrading the stock; MarketBeat reports a consensus rating of “Moderate Buy.”
• Sampo’s latest quarterly results were mixed: earnings per share of $0.33 missed the $0.38 consensus estimate, while revenue of $3.67 billion exceeded expectations of $2.96 billion.

Sampo PLC (OTCMKTS:SAXPY - Get Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $21.75 and traded as high as $22.94. Sampo shares last traded at $22.92, with a volume of 17,012 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently weighed in on SAXPY. Barclays upgraded Sampo from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, May 27th. Zacks Research raised Sampo from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 30th. The Goldman Sachs Group upgraded Sampo from a "sell" rating to a "buy" rating in a report on Thursday, July 9th. Finally, Kepler Capital Markets raised Sampo to a "strong-buy" rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Sampo Stock Performance

The firm has a market capitalization of $121.74 billion, a PE ratio of 15.49 and a beta of 0.39. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The business's 50 day simple moving average is $21.75 and its two-hundred day simple moving average is $21.45.

Sampo (OTCMKTS:SAXPY - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.05). The firm had revenue of $3.67 billion during the quarter, compared to analysts' expectations of $2.96 billion. Research analysts expect that Sampo PLC will post 1.27 earnings per share for the current fiscal 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.

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