Swiss Re (OTCMKTS:SSREY) Shares Gap Down – Here’s Why

Swiss Re Ltd. (OTCMKTS:SSREY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $42.79, but opened at $40.74. Swiss Re shares last traded at $40.78, with a volume of 2,969 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. UBS Group cut shares of Swiss Re from a “neutral” rating to a “sell” rating in a research report on Thursday, May 21st. Citigroup restated a “neutral” rating on shares of Swiss Re in a research report on Friday, May 8th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Swiss Re in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Swiss Re Price Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 39.12 and a current ratio of 39.12. The business has a 50 day moving average of $38.99 and a 200-day moving average of $40.36.

Swiss Re Company Profile

Swiss Re (OTCMKTS: SSREY) is a global reinsurance company headquartered in Zurich, Switzerland. Founded in 1863, the firm provides risk transfer and insurance solutions to insurers, reinsurers, and large corporations worldwide. Its core activities encompass reinsurance for property & casualty and life & health lines, as well as tailored corporate insurance products designed to protect complex commercial and industrial risks.

Swiss Re’s product offering spans treaty and facultative reinsurance, structured reinsurance solutions, and capital markets–linked risk transfer such as insurance‑linked securities.