Hannover Rück (OTCMKTS:HVRRY) Share Price Passes Below 50-Day Moving Average – Here’s Why

Hannover Rück SE (OTCMKTS:HVRRY) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $43.77 and traded as low as $43.60. Hannover Rück shares last traded at $43.76, with a volume of 6,764 shares trading hands.

Analyst Ratings Changes

Separately, Barclays upgraded Hannover Rück to a “strong sell” rating in a research note on Tuesday, January 28th.

Hannover Rück Stock Down 2.3 %

The business has a 50 day simple moving average of $43.77 and a 200 day simple moving average of $44.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market cap of $31.66 billion, a PE ratio of 12.95 and a beta of 0.73.

Hannover Rück (OTCMKTS:HVRRY) last issued its earnings results on Monday, November 11th. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.24. The firm had revenue of $7.46 billion for the quarter. Hannover Rück had a return on equity of 19.44% and a net margin of 8.78%. On average, equities research analysts forecast that Hannover Rück SE will post 3.45 EPS for the current fiscal year.

About Hannover Rück

Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally. It operates through Property & Casualty Reinsurance; and Life & Health Reinsurance segments.