Hannover Ruck (OTCMKTS:HVRRY) Stock Price Passes Below Fifty Day Moving Average - Here's What Happened

Key Points

• Hannover Ruck SE's stock price fell below its 50-day moving average, closing at $48.98 compared to the average of $51.77.
• Analysts currently have a mixed outlook on Hannover Ruck, with one Strong Buy, one Hold, and one Sell rating, resulting in an average rating of "Hold."
• For the last quarter, Hannover Ruck reported earnings of $1.31 per share, significantly beating expectations of $1.05, with revenues of $7.96 billion surpassing the forecast of $7.34 billion.

Hannover Ruck SE (OTCMKTS:HVRRY - Get Free Report)'s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $51.77 and traded as low as $48.98. Hannover Ruck shares last traded at $48.98, with a volume of 9,374 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Hsbc Global Res raised shares of Hannover Ruck to a "hold" rating in a research note on Monday, April 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold".

Hannover Ruck Stock Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.09 and a current ratio of 0.09. The firm's 50 day simple moving average is $51.63 and its 200-day simple moving average is $50.54. The company has a market cap of $35.58 billion, a price-to-earnings ratio of 13.08 and a beta of 0.46.

Hannover Ruck (OTCMKTS:HVRRY - Get Free Report) last announced its earnings results on Tuesday, August 12th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.26. Hannover Ruck had a net margin of 9.33% and a return on equity of 20.09%. The company had revenue of $7.96 billion for the quarter, compared to analysts' expectations of $7.34 billion. On average, sell-side analysts predict that Hannover Ruck SE will post 3.42 EPS 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.