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

Hannover Ruck logo with Finance background

Key Points

  • Hannover Ruck SE's stock has fallen below its fifty-day moving average of $52.26, trading as low as $51.79, with its last trading price at $52.24.
  • The company reported earnings per share of $0.70 for the quarter, missing the consensus estimate of $0.80, despite revenue exceeding expectations at $8.06 billion.
  • Hsbc Global Res recently upgraded Hannover Ruck to a "hold" rating on April 28th, reflecting cautious optimism from analysts.
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Hannover Ruck SE (OTCMKTS:HVRRY - Get Free Report) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $52.26 and traded as low as $51.79. Hannover Ruck shares last traded at $52.24, with a volume of 15,536 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Hsbc Global Res upgraded Hannover Ruck to a "hold" rating in a research report on Monday, April 28th.

Read Our Latest Research Report on HVRRY

Hannover Ruck Trading Down 3.2%

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.09 and a quick ratio of 0.09. The business has a 50-day moving average of $52.27 and a 200-day moving average of $50.16. The firm has a market cap of $37.66 billion, a price-to-earnings ratio of 15.54 and a beta of 0.46.

Hannover Ruck (OTCMKTS:HVRRY - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.10). Hannover Ruck had a net margin of 8.46% and a return on equity of 18.29%. The business had revenue of $8.06 billion during the quarter, compared to the consensus estimate of $7.10 billion. Research analysts anticipate that Hannover Ruck SE will post 3.42 EPS for the current year.

About Hannover Ruck

(Get Free Report)

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.

See Also

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