Hannover Rück (OTCMKTS:HVRRY) Stock Passes Below 50 Day Moving Average – Time to Sell?

Hannover Rück SE (OTCMKTS:HVRRY)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $45.21 and traded as low as $45.17. Hannover Rück shares last traded at $45.34, with a volume of 3,740 shares.

Hannover Rück Stock Performance

The stock’s 50-day moving average price is $45.21 and its 200-day moving average price is $43.15. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $32.81 billion, a P/E ratio of 16.38 and a beta of 0.74.

Hannover Rück (OTCMKTS:HVRRY) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $2.04. The firm 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%. As a group, equities analysts expect that Hannover Rück SE will post 3.35 EPS for the current 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.