StockNews.com downgraded shares of Greenlight Capital Re (NASDAQ:GLRE – Free Report) from a buy rating to a hold rating in a research note released on Thursday morning.
Greenlight Capital Re Stock Performance
Shares of GLRE stock opened at $13.56 on Thursday. The company has a fifty day moving average price of $14.33 and a two-hundred day moving average price of $13.82. Greenlight Capital Re has a one year low of $11.08 and a one year high of $15.82. The stock has a market cap of $472.29 million, a P/E ratio of 5.38 and a beta of 0.89. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.02 and a quick ratio of 3.02.
Greenlight Capital Re (NASDAQ:GLRE – Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.36. The business had revenue of $188.01 million during the quarter. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%. During the same quarter in the previous year, the business posted $0.39 EPS.
Institutional Investors Weigh In On Greenlight Capital Re
About Greenlight Capital Re
Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage, personal lines, and commercial lines. It also provides casualty reinsurance products and services comprising general liability, motor liability, professional liability, and worker's compensation; and accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, and energy, as well as other specialty products, such as aviation, crop, cyber, political, and terrorism products.
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