Hannover Ruck (OTCMKTS:HVRRY) Shares Cross Above 50 Day Moving Average – What’s Next?

Hannover Ruck SE (OTCMKTS:HVRRY) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $49.63 and traded as high as $50.9960. Hannover Ruck shares last traded at $50.87, with a volume of 4,854 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HVRRY shares. UBS Group upgraded shares of Hannover Ruck from a “hold” rating to a “strong-buy” rating in a report on Friday, September 12th. Zacks Research cut Hannover Ruck from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Royal Bank Of Canada lowered Hannover Ruck from a “moderate buy” rating to a “hold” rating in a research note on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Hannover Ruck Trading Up 1.0%

The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.37. The stock has a market cap of $36.81 billion, a price-to-earnings ratio of 13.39 and a beta of 0.33. The company has a fifty day simple moving average of $49.63 and a 200-day simple moving average of $50.44.

Hannover Ruck (OTCMKTS:HVRRY) last released its quarterly earnings results on Monday, November 10th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). The firm had revenue of $8.21 billion for the quarter, compared to analyst estimates of $8.27 billion. Hannover Ruck had a net margin of 9.44% and a return on equity of 19.75%. On average, research analysts forecast that Hannover Ruck SE will post 3.42 earnings per share for the current fiscal year.

About Hannover Ruck

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.