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

Swiss Re Ltd. (OTCMKTS:SSREY) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $41.90 and traded as high as $43.87. Swiss Re shares last traded at $43.85, with a volume of 27,273 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SSREY. UBS Group cut Swiss Re from a “neutral” rating to a “sell” rating in a research note on Thursday, May 21st. Citigroup reaffirmed a “neutral” rating on shares of Swiss Re in a research report on Friday, May 8th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Swiss Re in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Swiss Re currently has an average rating of “Reduce”.

Swiss Re Stock Performance

The company has a fifty day simple moving average of $42.01 and a two-hundred day simple moving average of $40.87. The company has a current ratio of 39.12, a quick ratio of 39.12 and a debt-to-equity ratio of 0.32.

About Swiss Re

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.