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

Swiss Re Ltd. (OTCMKTS:SSREY) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $41.82 and traded as high as $42.25. Swiss Re shares last traded at $41.74, with a volume of 25,164 shares.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut Swiss Re from a “hold” rating to a “sell” rating in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Swiss Re Trading Up 0.5%

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 stock’s fifty day moving average is $41.77 and its 200-day moving average is $42.52.

Swiss Re Company Profile

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.