M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Stock Price Crosses Below 200-Day Moving Average - Here's Why

Key Points

• M�nchener R�ckversicherungs-Gesellschaft's stock price has fallen below its 200-day moving average of $12.90, trading as low as $12.30 recently.
• Keefe, Bruyette & Woods has downgraded the stock from a "hold" to a "moderate sell" rating, contributing to a current average rating of "Hold" among analysts.
• The company reported a quarterly EPS of $0.36, exceeding analysts' expectations, but its revenue of $16.76 billion fell short of the consensus estimate of $22.83 billion.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.90 and traded as low as $12.30. M�nchener R�ckversicherungs-Gesellschaft shares last traded at $12.42, with a volume of 254,553 shares.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods downgraded M�nchener R�ckversicherungs-Gesellschaft from a "hold" rating to a "moderate sell" rating in a research report on Friday, June 6th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold".

M�nchener R�ckversicherungs-Gesellschaft Price Performance

The company has a market capitalization of $81.13 billion, a P/E ratio of 5.72, a P/E/G ratio of 1.55 and a beta of 0.69. The business's 50-day simple moving average is $13.12 and its 200 day simple moving average is $12.90. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.20.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The financial services provider reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.06. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 8.37% and a return on equity of 15.88%. The company had revenue of $16.76 billion for the quarter, compared to the consensus estimate of $22.83 billion. As a group, sell-side analysts anticipate that M�nchener R�ckversicherungs-Gesellschaft will post 0.46 EPS for the current year.

About M�nchener R�ckversicherungs-Gesellschaft

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. It also offers life and health reinsurance solutions, such as digital underwriting and advanced analytics solutions, health insurance management system, financial market risks, financing, portfolio risk management, digitalized investment-linked solution, MIRA digital suite, MIRA POS, MIRApply insured and physician, claims risk adjustment, CLARA plus, data analytics, underwriting and claims, medical research, capital management, and health market.

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