M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Stock Price Passes Below 50-Day Moving Average – Here’s What Happened

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.94 and traded as low as $10.24. M�nchener R�ckversicherungs-Gesellschaft shares last traded at $10.3030, with a volume of 1,145,873 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MURGY shares. Erste Group Bank lowered M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Zacks Research lowered M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Stock Up 0.8%

The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.22. The stock has a 50-day simple moving average of $11.94 and a 200-day simple moving average of $12.33. The company has a market cap of $64.03 billion, a price-to-earnings ratio of 4.19, a price-to-earnings-growth ratio of 1.50 and a beta of 0.40.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last announced its quarterly earnings results on Tuesday, May 12th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $1.25. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 21.44% and a net margin of 11.28%.The company had revenue of $22.07 billion during the quarter, compared to analyst estimates of $19.86 billion. As a group, analysts predict that M�nchener R�ckversicherungs-Gesellschaft will post 1.17 EPS for the current year.

About M�nchener R�ckversicherungs-Gesellschaft

Münchener Rückversicherungs-Gesellschaft (OTCMKTS:MURGY), commonly known as Munich Re, is a global reinsurance company headquartered in Munich, Germany. The firm’s core business is providing reinsurance solutions to primary insurers, covering property–casualty and life & health risks. Munich Re also offers specialty reinsurance products for complex or large-scale exposures and develops tailored risk-transfer solutions for clients facing catastrophic, industrial, or longevity risks.

In addition to its reinsurance operations, Munich Re conducts primary insurance activities through its ERGO Group subsidiary, which markets life, health, property & casualty, and legal protection insurance to retail and corporate customers.