Sampo (OTCMKTS:SAXPY) Sets New 52-Week High - Here's Why

Key Points

• Sampo PLC shares reached a new 52-week high at $23.34 during trading, closing at $23.06 with a volume of 7,775 shares traded.
• Berenberg Bank upgraded Sampo to a "strong-buy" rating, indicating positive expectations for the company's stock performance.
• In its latest earnings report, Sampo exceeded analysts' expectations with an EPS of $0.32 and revenue of $2.77 billion, surpassing forecasts significantly.

Sampo PLC (OTCMKTS:SAXPY - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $23.34 and last traded at $23.06, with a volume of 7775 shares traded. The stock had previously closed at $22.92.

Wall Street Analysts Forecast Growth

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

Sampo Stock Up 0.6%

The firm's 50-day moving average price is $21.70 and its 200 day moving average price is $20.58. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.42. The firm has a market cap of $124.15 billion, a P/E ratio of 22.93 and a beta of 0.57.

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

About Sampo

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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