Sampo (OTCMKTS:SAXPY) Hits New 52-Week High – Here’s Why

Sampo PLC (OTCMKTS:SAXPY)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $23.67 and last traded at $23.66, with a volume of 773 shares changing hands. The stock had previously closed at $23.28.

Analyst Upgrades and Downgrades

SAXPY has been the topic of a number of recent analyst reports. Citigroup reissued a “neutral” rating on shares of Sampo in a report on Thursday, November 20th. Keefe, Bruyette & Woods lowered shares of Sampo from a “moderate buy” rating to a “hold” rating in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Sampo Trading Up 0.7%

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market capitalization of $126.59 billion, a PE ratio of 17.10 and a beta of 0.45. The stock’s 50-day simple moving average is $22.94 and its 200-day simple moving average is $22.43.

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

Sampo Company Profile

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.