M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Reaches New 52-Week Low – Should You Sell?

M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) shares reached a new 52-week low on Thursday . The company traded as low as $10.63 and last traded at $10.6470, with a volume of 31362 shares. The stock had previously closed at $10.81.

Analyst Upgrades and Downgrades

MURGY has been the topic of a number of recent research reports. Zacks Research downgraded shares of M?nchener R?ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Erste Group Bank downgraded shares of M?nchener R?ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

M?nchener R?ckversicherungs-Gesellschaft Price Performance

The stock has a fifty day moving average of $12.13 and a 200-day moving average of $12.42. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $65.00 billion, a P/E ratio of 4.25, a PEG ratio of 1.56 and a beta of 0.46.

M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last released its quarterly earnings results on Tuesday, May 12th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $1.25. M?nchener R?ckversicherungs-Gesellschaft had a return on equity of 21.44% and a net margin of 11.28%.The business had revenue of $22.07 billion during the quarter, compared to analysts’ expectations of $19.86 billion. Equities analysts predict that M?nchener R?ckversicherungs-Gesellschaft will post 1.17 EPS for the current fiscal year.

About M?nchener R?ckversicherungs-Gesellschaft

Münchener Rückversicherungs-Gesellschaft (OTCMKTS:MURGY), commonly known as Munich Re, is a global reinsurance company headquartered in Munich, Germany. The firm’s core business is providing reinsurance solutions to primary insurers, covering property–casualty and life & health risks. Munich Re also offers specialty reinsurance products for complex or large-scale exposures and develops tailored risk-transfer solutions for clients facing catastrophic, industrial, or longevity risks.

In addition to its reinsurance operations, Munich Re conducts primary insurance activities through its ERGO Group subsidiary, which markets life, health, property & casualty, and legal protection insurance to retail and corporate customers.