Swiss Re (OTCMKTS:SSREY) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Swiss Re Ltd. (OTCMKTS:SSREY) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $39.29 and traded as high as $41.53. Swiss Re shares last traded at $41.4650, with a volume of 16,894 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Morgan Stanley restated an “underweight” rating on shares of Swiss Re in a research report on Friday, May 8th. Citigroup reissued a “neutral” rating on shares of Swiss Re in a research note on Friday, May 8th. Finally, UBS Group downgraded shares of Swiss Re from a “neutral” rating to a “sell” rating in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Swiss Re Price 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 business has a fifty day moving average of $39.42 and a 200 day moving average of $40.38.

About Swiss Re

Swiss Re (OTCMKTS: SSREY) is a global reinsurance company headquartered in Zurich, Switzerland. Founded in 1863, the firm provides risk transfer and insurance solutions to insurers, reinsurers, and large corporations worldwide. Its core activities encompass reinsurance for property & casualty and life & health lines, as well as tailored corporate insurance products designed to protect complex commercial and industrial risks.

Swiss Re’s product offering spans treaty and facultative reinsurance, structured reinsurance solutions, and capital markets–linked risk transfer such as insurance?linked securities.