Sampo (OTCMKTS:SAXPY) Shares Down 0.2% - Here's Why

Key Points

• Sampo PLC's share price decreased by 0.2% to $22.35, with trading volume declining by 14% compared to its average session volume.
• Equities analysts have mixed ratings on Sampo, with Citigroup maintaining a "neutral" rating while Berenberg Bank upgraded it to a "strong-buy," leading to an average rating of "Buy."
• The company reported $0.32 earnings per share for Q2, exceeding analysts' expectations of $0.22, and generated revenue of $2.77 billion compared to forecasts of $2.19 billion.

Sampo PLC (OTCMKTS:SAXPY - Get Free Report)'s share price traded down 0.2% during trading on Tuesday . The company traded as low as $22.32 and last traded at $22.35. 50,831 shares were traded during mid-day trading, a decline of 14% from the average session volume of 59,430 shares. The stock had previously closed at $22.40.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citigroup reaffirmed a "neutral" rating on shares of Sampo in a report on Wednesday, September 3rd. Berenberg Bank raised shares of Sampo to a "strong-buy" rating in a report 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. According to data from MarketBeat.com, the company presently has an average rating of "Buy".

Sampo Trading Down 0.2%

The business's 50-day moving average is $22.77 and its two-hundred day moving average is $21.61. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market capitalization of $120.30 billion, a PE ratio of 22.22 and a beta of 0.54.

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 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.

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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