Swiss Re (OTCMKTS:SSREY) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Swiss Re Ltd. (OTCMKTS:SSREY)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $40.45 and traded as high as $43.00. Swiss Re shares last traded at $42.89, with a volume of 10,840 shares changing hands.

Wall Street Analyst Weigh In

SSREY has been the topic of a number of research analyst reports. Morgan Stanley reiterated an “underweight” rating on shares of Swiss Re in a research note on Friday, May 8th. UBS Group lowered shares of Swiss Re from a “neutral” rating to a “sell” rating in a research note on Thursday, May 21st. Finally, Citigroup reissued a “neutral” rating on shares of Swiss Re in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Swiss Re Price Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 39.12 and a quick ratio of 39.12. The stock’s fifty day simple moving average is $40.45 and its two-hundred day simple moving average is $40.58.

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.