Sampo (OTCMKTS:SAXPY) Sees Unusually-High Trading Volume – Should You Buy?

Sampo PLC (OTCMKTS:SAXPY) saw unusually-high trading volume on Monday . Approximately 516,221 shares traded hands during mid-day trading, an increase of 628% from the previous session’s volume of 70,893 shares.The stock last traded at $23.11 and had previously closed at $23.0999.

Wall Street Analyst Weigh In

Several research firms have commented on SAXPY. Keefe, Bruyette & Woods lowered Sampo from a “moderate buy” rating to a “hold” rating in a research note on Monday, November 10th. Citigroup reiterated a “neutral” rating on shares of Sampo in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Sampo currently has an average rating of “Moderate Buy”.

Sampo Price Performance

The company has a debt-to-equity ratio of 0.43, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a 50 day simple moving average of $22.72 and a two-hundred day simple moving average of $22.11. The company has a market cap of $122.72 billion, a price-to-earnings ratio of 22.66 and a beta of 0.52.

Sampo (OTCMKTS:SAXPY) last posted its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.22 by $0.10. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.27 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.