Swiss Re (OTCMKTS:SSREY) Shares Gap Down – Here’s Why

Shares of Swiss Re Ltd. (OTCMKTS:SSREY) gapped down before the market opened on Wednesday . The stock had previously closed at $44.0340, but opened at $41.63. Swiss Re shares last traded at $41.49, with a volume of 2,177 shares.

Analysts Set New Price Targets

Separately, UBS Group cut Swiss Re from a “neutral” rating to a “sell” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Swiss Re Stock Performance

The company has a current ratio of 39.12, a quick ratio of 39.12 and a debt-to-equity ratio of 0.32. The company’s fifty day moving average price is $42.22 and its 200-day moving average price is $40.90.

About Swiss Re

Swiss Re Ltd. is a global reinsurance company headquartered in Zurich, Switzerland. Founded in 1863, the company provides insurance and risk-transfer solutions to insurers, corporations and public-sector organizations, helping clients manage the financial impact of natural catastrophes, accidents, mortality, longevity and other risks.

Swiss Re’s principal activities include property and casualty reinsurance, which covers risks such as natural disasters, property damage, liability and specialty exposures, and life and health reinsurance, which supports insurers with mortality, longevity, health and related risks.