Sanlam (OTCMKTS:SLLDY) Trading Up 2% – Still a Buy?

Sanlam Limited (OTCMKTS:SLLDY) was up 2% during mid-day trading on Wednesday . The stock traded as high as C$10.09 and last traded at C$10.07. Approximately 13,353 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 14,237 shares. The stock had previously closed at C$9.87.

Wall Street Analysts Forecast Growth

Separately, Barclays raised shares of Sanlam to a “hold” rating in a report on Thursday, October 3rd.

Sanlam Stock Performance

The stock has a 50 day moving average price of C$9.98 and a 200 day moving average price of C$9.33.

Sanlam Company Profile

Sanlam Limited provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, and internationally. The company operates through Sanlam Life and Savings, Sanlam Emerging Markets, Sanlam Investment Group, and Santam segments. It offers life, disability, severe illness, income protection, cancer, funeral, credit life, medical aid, gap cover, vehicle, house contents, buildings, all risk, buy and sell, business debt, key person, and group risk benefits insurance, as well as commercial insurance products consisting of office contents, theft, glass, personal accident, goods in transit, machinery breakdown, fire, business interruption, money, deterioration of stock, accidental damage, public liability, and electronic equipment.