Oxbridge Re (NASDAQ:OXBR) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Oxbridge Re Holdings Limited (NASDAQ:OXBR) crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $1.35 and traded as low as $0.9939. Oxbridge Re shares last traded at $1.08, with a volume of 18,771 shares.

Analyst Ratings Changes

Several analysts have commented on the company. Weiss Ratings raised Oxbridge Re from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. Maxim Group reduced their target price on Oxbridge Re from $5.00 to $3.00 and set a “buy” rating for the company in a research note on Tuesday, June 16th. Finally, Zacks Research lowered Oxbridge Re from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $3.00.

Oxbridge Re Price Performance

The firm has a market cap of $8.22 million, a PE ratio of 50.53 and a beta of 2.00. The business’s 50 day moving average price is $1.34 and its 200 day moving average price is $1.15.

Oxbridge Re (NASDAQ:OXBR) last issued its quarterly earnings results on Thursday, August 13th. The insurance provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Oxbridge Re had a net margin of 4.71% and a return on equity of 2.14%. The company had revenue of $0.94 million during the quarter, compared to analysts’ expectations of $1.10 million. As a group, analysts predict that Oxbridge Re Holdings Limited will post -0.08 earnings per share for the current year.

Institutional Trading of Oxbridge Re

An institutional investor recently bought a new position in Oxbridge Re stock. Citadel Advisors LLC purchased a new position in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 65,855 shares of the insurance provider’s stock, valued at approximately $68,000. Citadel Advisors LLC owned approximately 0.81% of Oxbridge Re as of its most recent filing with the Securities & Exchange Commission. 5.64% of the stock is currently owned by institutional investors.

Oxbridge Re Company Profile

Oxbridge Re Holdings Limited (NASDAQ: OXBR) is a Bermuda-based specialty reinsurance holding company. Through its subsidiaries, the company provides collateralized reinsurance to property and casualty insurers, with an emphasis on coverage for catastrophe-related risks such as hurricanes and other natural disasters.

Oxbridge Re’s reinsurance business is designed to support insurers that need additional capacity for property catastrophe exposures. Its underwriting activities generally involve property catastrophe excess-of-loss reinsurance, in which the reinsurer assumes losses above specified thresholds in exchange for premiums and collateral arrangements.

The company was established in 2013 and has operated from Bermuda, a major global center for reinsurance.