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

Shares of Sampo PLC (OTCMKTS:SAXPY) 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.

Analyst Upgrades and Downgrades

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

Sampo Price Performance

The company has a 50 day moving average of $22.09 and a 200 day moving average of $21.51. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.39. The firm has a market cap of $106.76 billion, a price-to-earnings ratio of 13.58 and a beta of 0.38.

Sampo (OTCMKTS:SAXPY) last posted its 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 business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Equities research analysts predict that Sampo PLC will post 1.27 EPS for the current fiscal 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.