Sampo (OTCMKTS:SAXPY) Shares Gap Down – Time to Sell?

Sampo PLC (OTCMKTS:SAXPY – Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $21.57, but opened at $20.11. Sampo shares last traded at $20.1810, with a volume of 3,149 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SAXPY shares. Zacks Research upgraded shares of Sampo from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 30th. Kepler Capital Markets raised shares of Sampo to a “strong-buy” rating in a research report on Thursday, June 25th. Barclays raised shares of Sampo from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, May 27th. Finally, The Goldman Sachs Group upgraded Sampo from a “sell” rating to a “buy” rating in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

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Sampo Price Performance

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.30 and a current ratio of 0.29. The company has a fifty day moving average price of $22.09 and a two-hundred day moving average price of $21.51. The company has a market cap of $106.76 billion, a P/E ratio of 13.58 and a beta of 0.38.

Sampo (OTCMKTS:SAXPY – Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $2.96 billion. On average, sell-side analysts anticipate that Sampo PLC will post 1.27 earnings per share for the current fiscal year.

About Sampo

(Get Free Report)

Sampo Oyj is a Finnish insurance group focused on property and casualty insurance in Northern Europe. Through its operating companies, Sampo provides insurance products and related services to individuals, businesses and public-sector organizations, including coverage for motor vehicles, homes, property, travel, personal accidents, liability and business risks.

Sampo’s principal insurance operations include If P&C Insurance, which serves customers across Finland, Sweden, Norway, Denmark and the Baltic countries, and Topdanmark, a major insurer in Denmark.

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