M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Share Price Crosses Below 50-Day Moving Average After Analyst Downgrade

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY)’s stock price passed below its 50-day moving average during trading on Monday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock has a 50-day moving average of $12.60 and traded as low as $12.5540. M�nchener R�ckversicherungs-Gesellschaft shares last traded at $12.63, with a volume of 413,959 shares traded.

Separately, Kepler Capital Markets started coverage on shares of M�nchener R�ckversicherungs-Gesellschaft in a research note on Friday, January 16th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, M�nchener R�ckversicherungs-Gesellschaft has an average rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Price Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.13 and a current ratio of 1.13. The company’s fifty day moving average price is $12.61 and its 200 day moving average price is $12.68. The firm has a market capitalization of $81.47 billion, a price-to-earnings ratio of 7.14, a price-to-earnings-growth ratio of 1.37 and a beta of 0.49.

M�nchener R�ckversicherungs-Gesellschaft Company Profile

Münchener Rückversicherungs-Gesellschaft (OTCMKTS:MURGY), commonly known as Munich Re, is a global reinsurance company headquartered in Munich, Germany. The firm’s core business is providing reinsurance solutions to primary insurers, covering property–casualty and life & health risks. Munich Re also offers specialty reinsurance products for complex or large-scale exposures and develops tailored risk-transfer solutions for clients facing catastrophic, industrial, or longevity risks.

In addition to its reinsurance operations, Munich Re conducts primary insurance activities through its ERGO Group subsidiary, which markets life, health, property & casualty, and legal protection insurance to retail and corporate customers.