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Swiss Re (OTCMKTS:SSREY) Share Price Crosses Below 50-Day Moving Average - Here's Why

Swiss Re logo with Finance background

Key Points

  • Swiss Re Ltd.'s share price has fallen below its 50-day moving average of $45.27, trading as low as $44.72 during the latest session.
  • Analysts have mixed views on the stock, with BNP Paribas and Barclays recently downgrading it to a "strong sell," while Citigroup maintains a "buy" rating.
  • The company has a debt-to-equity ratio of 0.27 and a current ratio of 12.70, indicating a strong liquidity position compared to its debt levels.
  • MarketBeat previews the top five stocks to own by October 1st.

Swiss Re Ltd. (OTCMKTS:SSREY - Get Free Report)'s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $45.27 and traded as low as $44.72. Swiss Re shares last traded at $44.97, with a volume of 17,723 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SSREY shares. BNP Paribas lowered Swiss Re from a "hold" rating to a "strong sell" rating in a research note on Monday, June 2nd. Citigroup restated a "buy" rating on shares of Swiss Re in a research note on Tuesday, May 20th. Finally, Barclays lowered Swiss Re from a "hold" rating to a "strong sell" rating in a research note on Thursday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold".

View Our Latest Stock Report on Swiss Re

Swiss Re Stock Performance

The business has a 50-day moving average of $45.27 and a two-hundred day moving average of $43.78. The company has a debt-to-equity ratio of 0.27, a quick ratio of 12.70 and a current ratio of 12.70.

Swiss Re Company Profile

(Get Free Report)

Swiss Re AG, together with its subsidiaries, provides wholesale reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide. The company operates through three segments: Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions.

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