Octave Specialty Group (NYSE:OSG – Get Free Report) posted its quarterly earnings data on Monday. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02, FiscalAI reports. Octave Specialty Group had a positive return on equity of 0.44% and a negative net margin of 51.10%. The company had revenue of $85.34 million during the quarter, compared to analyst estimates of $23.22 million.
Octave Specialty Group Price Performance
OSG traded up $0.26 on Monday, reaching $5.25. 483,628 shares of the company’s stock were exchanged, compared to its average volume of 571,919. Octave Specialty Group has a twelve month low of $3.88 and a twelve month high of $10.38. The stock has a market cap of $236.29 million, a PE ratio of -1.44 and a beta of 0.76. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.92 and a quick ratio of 0.92. The stock’s fifty day moving average price is $4.67 and its 200-day moving average price is $5.21.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on OSG shares. Keefe, Bruyette & Woods began coverage on Octave Specialty Group in a research note on Friday, August 28th. They issued an “outperform” rating and a $8.00 price target on the stock. Zacks Research raised Octave Specialty Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 3rd. Finally, Weiss Ratings upgraded Octave Specialty Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, October 21st. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.50.
Check Out Our Latest Report on Octave Specialty Group
About Octave Specialty Group
Octave Specialty Group Inc is a specialty insurance company that provides underwriting solutions for complex, specialized and difficult-to-place risks. The company operates through specialty insurance platforms designed to serve customers and distribution partners seeking coverage outside standard commercial insurance markets.
Its business activities include the development, underwriting and management of specialty insurance products across selected lines of business. Octave’s offerings are intended for niche risks that may require specialized expertise, tailored policy structures and disciplined risk selection.
The company serves the specialty insurance market through relationships with brokers, agents and other distribution partners.
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