Sampo (OTCMKTS:SAXPY) Sees Strong Trading Volume - Here's Why

Key Points

• Sampo PLC's shares experienced a significant trading volume increase of 227%, with 236,593 shares traded on Tuesday compared to the previous session.
• Equity analysts have varied ratings on Sampo, with Citigroup maintaining a "neutral" rating while Berenberg Bank upgraded it to a "strong-buy," resulting in an average rating of "Buy."
• In its latest quarterly earnings, Sampo reported $0.32 earnings per share, surpassing estimates of $0.22, with revenue hitting $2.77 billion against expectations of $2.19 billion.

Sampo PLC (OTCMKTS:SAXPY - Get Free Report) shares saw strong trading volume on Tuesday . 236,593 shares were traded during trading, an increase of 227% from the previous session's volume of 72,356 shares.The stock last traded at $22.75 and had previously closed at $22.78.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SAXPY shares. Citigroup reissued a "neutral" rating on shares of Sampo in a report on Wednesday, September 3rd. Berenberg Bank raised Sampo to a "strong-buy" rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Sampo presently has an average rating of "Buy".

Sampo Trading Up 0.2%

The firm has a market cap of $122.86 billion, a PE ratio of 22.69 and a beta of 0.54. The business has a 50-day moving average price of $22.63 and a two-hundred day moving average price of $21.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.30 and a quick ratio of 0.30.

Sampo (OTCMKTS:SAXPY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.10. The firm had revenue of $2.77 billion during the quarter, compared to analysts' expectations of $2.19 billion.

Sampo Company Profile

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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