Admiral Group (OTCMKTS:AMIGY) Shares Down 1.3% – Here’s What Happened

Admiral Group plc (OTCMKTS:AMIGY) traded down 1.3% on Friday . The company traded as low as $48.75 and last traded at $48.75. Approximately 12,120 shares were traded during trading, a decline of 80% from the average session volume of 61,186 shares. The stock had previously closed at $49.41.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AMIGY. The Goldman Sachs Group raised shares of Admiral Group from a “sell” rating to a “neutral” rating in a research note on Thursday. Royal Bank Of Canada lowered shares of Admiral Group from a “sector perform” rating to a “sector perform” rating in a research report on Friday, June 19th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Admiral Group has an average rating of “Moderate Buy”.

Admiral Group Price Performance

The stock has a fifty day simple moving average of $46.25 and a 200-day simple moving average of $43.43.

About Admiral Group

Admiral Group plc is a UK-based specialist insurer founded in 1993 and headquartered in Cardiff, Wales. Since its inception, the company has focused on developing straightforward insurance products sold directly to customers, pioneering the use of online sales and multi-car policies. Admiral’s low-overhead model and emphasis on technology have helped it establish a significant presence in the personal lines insurance market.

The core offering of Admiral Group centers on motor insurance, with additional products including home insurance, travel cover and breakdown assistance.