Sampo (OTCMKTS:SAXPY) Stock Price Down 5.1% – Time to Sell?

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

Wall Street Analysts Forecast Growth

SAXPY has been the topic of a number of research analyst reports. Zacks Research raised shares of Sampo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 30th. Barclays upgraded Sampo from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, May 27th. Kepler Capital Markets raised Sampo to a “strong-buy” rating in a research note on Thursday, June 25th. Finally, The Goldman Sachs Group raised Sampo from a “sell” rating to a “buy” rating in a research note 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Sampo Stock Performance

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 company has a market capitalization of $106.12 billion, a price-to-earnings ratio of 13.50 and a beta of 0.38. The stock’s fifty day simple moving average is $22.05 and its 200-day simple moving average is $21.50.

Sampo (OTCMKTS:SAXPY) last posted its quarterly earnings data on Wednesday, August 12th. The financial services provider reported $0.33 earnings per share 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 analyst estimates of $2.96 billion. Analysts predict 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.