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

Hannover Rück SE (OTCMKTS:HVRRY)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $46.12 and traded as low as $42.62. Hannover Rück shares last traded at $42.74, with a volume of 1,948 shares trading hands.

Hannover Rück Price Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a market cap of $30.93 billion, a price-to-earnings ratio of 15.14 and a beta of 0.74. The company’s fifty day moving average is $46.12 and its two-hundred day moving average is $43.46.

Hannover Rück (OTCMKTS:HVRRY) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $2.69 earnings per share for the quarter, beating the consensus estimate of $0.65 by $2.04. The business had revenue of $6.72 billion for the quarter. Hannover Rück had a net margin of 7.43% and a return on equity of 16.85%. Equities research analysts forecast that Hannover Rück SE will post 3.35 EPS for the current 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.