Sampo Oyj (OTCMKTS:SAXPY) Shares Cross Below 50 Day Moving Average of $24.86

Sampo Oyj (OTCMKTS:SAXPY – Get Rating)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $24.86 and traded as low as $22.02. Sampo Oyj shares last traded at $22.32, with a volume of 42,055 shares.

Analyst Ratings Changes

SAXPY has been the topic of a number of recent research reports. Bank of America cut Sampo Oyj from a “neutral” rating to an “underperform” rating in a report on Tuesday, December 6th. HSBC raised Sampo Oyj from a “hold” rating to a “buy” rating in a report on Monday, February 20th. Finally, Jefferies Financial Group started coverage on Sampo Oyj in a report on Wednesday, December 21st. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $47.50.

Sampo Oyj Trading Down 0.3 %

The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $24.86 and a 200 day simple moving average of $24.10. The firm has a market capitalization of $23.06 billion, a P/E ratio of 15.88 and a beta of 0.91.

Sampo Oyj (OTCMKTS:SAXPY – Get Rating) last posted its quarterly earnings results on Friday, February 10th. The financial services provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). As a group, research analysts forecast that Sampo Oyj will post 1.17 EPS for the current year.

About Sampo Oyj

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Sampo Oyj engages in the administration of insurance subsidiaries and management of investment portfolio. It operates through the following segments: Property and Casualty Insurance, Life Insurance and Holding Business. The company was founded in 1909 and is headquartered in Helsinki, Finland.