Sampo (OTCMKTS:SAXPY) Shares Down 5.1% – Should You Sell?

Sampo PLC (OTCMKTS:SAXPY) traded down 5.1% on Tuesday . The stock traded as low as $20.19 and last traded at $20.4650. Approximately 46,987 shares changed hands during trading, a decline of 52% from the average daily volume of 98,914 shares. The stock had previously closed at $21.57.

Wall Street Analysts Forecast Growth

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

Sampo Stock Performance

The stock has a market cap of $109.29 billion, a P/E ratio of 13.90 and a beta of 0.38. The business has a 50 day moving average price of $22.12 and a 200 day moving average price of $21.52. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31.

Sampo (OTCMKTS:SAXPY) last issued its quarterly earnings results 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 company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $2.96 billion. As a group, sell-side analysts expect that Sampo PLC will post 1.27 EPS for the current year.

About Sampo

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.