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

Hannover Rück SE (OTCMKTS:HVRRY) crossed 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.

Wall Street Analysts Forecast Growth

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

Hannover Rück Stock Down 2.3 %

The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.39. The firm has a market cap of $31.66 billion, a price-to-earnings ratio of 12.95 and a beta of 0.73. The firm has a 50-day moving average of $43.77 and a two-hundred day moving average of $44.30.

Hannover Rück (OTCMKTS:HVRRY) last posted its quarterly earnings data on Monday, November 11th. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.24. The business had revenue of $7.46 billion during the quarter. Hannover Rück had a return on equity of 19.44% and a net margin of 8.78%. As a group, sell-side analysts predict that Hannover Rück SE will post 3.45 earnings per share for the current fiscal year.

Hannover Rück Company Profile

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.