Sampo (OTCMKTS:SAXPY) Stock Price Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• Sampo's share price has recently surpassed its 50-day moving average, trading at $23.19 with a high of $23.27 and significant volume of 29,421 shares.
• Research analysts have provided mixed ratings on Sampo, with Citigroup maintaining a "neutral" rating while Berenberg Bank upgraded it to a "strong-buy."
• The company reported a profit of $0.32 EPS for the last quarter, exceeding expectations of $0.22, alongside revenue of $2.77 billion, which was above the forecast of $2.19 billion.

Sampo PLC (OTCMKTS:SAXPY - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $22.43 and traded as high as $23.27. Sampo shares last traded at $23.19, with a volume of 29,421 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Citigroup restated a "neutral" rating on shares of Sampo in a research note on Wednesday, September 3rd. Berenberg Bank upgraded shares of Sampo to a "strong-buy" rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy".

Sampo Stock Performance

The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.43. The company has a market cap of $122.67 billion, a PE ratio of 22.65 and a beta of 0.54. The business's fifty day moving average is $22.52 and its 200-day moving average is $20.97.

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 business 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.