Swiss Re (OTCMKTS:SSREY) Reaches New 1-Year Low – Time to Sell?

Swiss Re Ltd. (OTCMKTS:SSREY) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $38.32 and last traded at $38.32, with a volume of 692 shares trading hands. The stock had previously closed at $39.80.

Wall Street Analyst Weigh In

SSREY has been the topic of several recent research reports. Citigroup reiterated a “neutral” rating on shares of Swiss Re in a research report on Friday. The Goldman Sachs Group lowered shares of Swiss Re from a “hold” rating to a “sell” rating in a research note on Wednesday, January 21st. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Swiss Re in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Swiss Re Price Performance

The stock has a 50-day moving average of $41.44 and a two-hundred day moving average of $42.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 39.12 and a quick ratio of 39.12.

Swiss Re Company Profile

Swiss Re (OTCMKTS: SSREY) is a global reinsurance company headquartered in Zurich, Switzerland. Founded in 1863, the firm provides risk transfer and insurance solutions to insurers, reinsurers, and large corporations worldwide. Its core activities encompass reinsurance for property & casualty and life & health lines, as well as tailored corporate insurance products designed to protect complex commercial and industrial risks.

Swiss Re’s product offering spans treaty and facultative reinsurance, structured reinsurance solutions, and capital markets–linked risk transfer such as insurance?linked securities.