Hannover Ruck (OTCMKTS:HVRRY) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Hannover Ruck SE (OTCMKTS:HVRRY)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $49.63 and traded as high as $50.9960. Hannover Ruck shares last traded at $50.87, with a volume of 4,854 shares trading hands.

Analyst Ratings Changes

Several analysts recently issued reports on HVRRY shares. Royal Bank Of Canada lowered Hannover Ruck from a “moderate buy” rating to a “hold” rating in a report on Monday, October 13th. Zacks Research lowered Hannover Ruck from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, UBS Group upgraded shares of Hannover Ruck from a “hold” rating to a “strong-buy” rating in a report on Friday, September 12th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Hannover Ruck Stock Performance

The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.09 and a current ratio of 0.09. The firm’s 50-day moving average price is $49.63 and its two-hundred day moving average price is $50.42. The firm has a market capitalization of $36.81 billion, a price-to-earnings ratio of 13.39 and a beta of 0.33.

Hannover Ruck (OTCMKTS:HVRRY) last announced its quarterly earnings results on Monday, November 10th. The financial services provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.02). Hannover Ruck had a net margin of 9.44% and a return on equity of 19.75%. The company had revenue of $8.21 billion during the quarter, compared to analyst estimates of $8.27 billion. Sell-side analysts predict that Hannover Ruck SE will post 3.42 earnings per share for the current year.

Hannover Ruck Company Profile

Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally. It operates through Property & Casualty Reinsurance; and Life & Health Reinsurance segments.