Admiral Group (OTCMKTS:AMIGY) Shares Cross Below 50 Day Moving Average – Here’s Why

Admiral Group plc (OTCMKTS:AMIGY) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $45.78 and traded as low as $44.98. Admiral Group shares last traded at $45.26, with a volume of 19,413 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently commented on AMIGY. UBS Group raised shares of Admiral Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, March 10th. Royal Bank Of Canada raised Admiral Group from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 13th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Admiral Group currently has an average rating of “Moderate Buy”.

Admiral Group Stock Down 1.5%

The firm has a 50 day simple moving average of $45.78 and a 200-day simple moving average of $42.83.

About Admiral Group

Admiral Group plc is a UK-based specialist insurer founded in 1993 and headquartered in Cardiff, Wales. Since its inception, the company has focused on developing straightforward insurance products sold directly to customers, pioneering the use of online sales and multi-car policies. Admiral’s low-overhead model and emphasis on technology have helped it establish a significant presence in the personal lines insurance market.

The core offering of Admiral Group centers on motor insurance, with additional products including home insurance, travel cover and breakdown assistance.