Oxbridge Re (NASDAQ:OXBR) Posts Earnings Results, Misses Expectations By $0.01 EPS

Oxbridge Re (NASDAQ:OXBR) announced its quarterly earnings results on Thursday. The insurance provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01), Zacks reports. The company had revenue of $0.65 million during the quarter, compared to the consensus estimate of $0.74 million. Oxbridge Re had a negative return on equity of 48.04% and a negative net margin of 109.74%.

Oxbridge Re Price Performance

OXBR stock traded down $0.01 on Friday, reaching $1.32. The company’s stock had a trading volume of 32,219 shares, compared to its average volume of 18,305. Oxbridge Re has a 52 week low of $1.27 and a 52 week high of $5.81. The company has a market capitalization of $10.08 million, a P/E ratio of -3.88 and a beta of 1.97. The firm has a fifty day moving average of $1.91 and a two-hundred day moving average of $1.85.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Oxbridge Re in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.00.

Oxbridge Re Company Profile

Oxbridge Re Holdings Limited, through its subsidiaries, provides specialty property and casualty reinsurance solutions. The company underwrites collateralized reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. It also issues reinsurance contracts through digital securities by blockchain technology.