Admiral Group (OTCMKTS:AMIGY) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Admiral Group plc (OTCMKTS:AMIGY)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $47.67 and traded as high as $52.84. Admiral Group shares last traded at $52.36, with a volume of 5,689 shares trading hands.

Analyst Ratings Changes

A number of research analysts recently weighed in on AMIGY shares. Citigroup raised Admiral Group to a “buy” rating in a report on Tuesday, July 28th. The Goldman Sachs Group raised Admiral Group from a “sell” rating to a “neutral” rating in a report on Thursday, July 9th. Finally, Royal Bank Of Canada lowered shares of Admiral Group from a “sector perform” rating to a “sector perform” rating in a research report on Friday, June 19th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Admiral Group Trading Up 4.5%

The firm’s 50-day simple moving average is $47.67 and its two-hundred day simple moving average is $44.36.

About Admiral Group

Admiral Group plc is a UK-based specialist insurer founded in 1993 and headquartered in Cardiff, Wales. Since its inception, the company has focused on developing straightforward insurance products sold directly to customers, pioneering the use of online sales and multi-car policies. Admiral’s low-overhead model and emphasis on technology have helped it establish a significant presence in the personal lines insurance market.

The core offering of Admiral Group centers on motor insurance, with additional products including home insurance, travel cover and breakdown assistance.