Hannover Rück (OTCMKTS:HVRRY) Stock Passes Below Fifty Day Moving Average – Here’s Why

Hannover Rück SE (OTCMKTS:HVRRY) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $46.78 and traded as low as $46.60. Hannover Rück shares last traded at $49.25, with a volume of 12,243 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HVRRY shares. The Goldman Sachs Group raised shares of Hannover Rück to a “strong-buy” rating in a research note on Monday, March 24th. Barclays raised shares of Hannover Rück to a “strong sell” rating in a research note on Tuesday, January 28th.

Hannover Rück Trading Up 7.4 %

The business’s 50 day simple moving average is $46.78 and its two-hundred day simple moving average is $45.10. The stock has a market cap of $35.64 billion, a P/E ratio of 14.57 and a beta of 0.52. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.39.

About Hannover Rück

Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally. It operates through Property & Casualty Reinsurance; and Life & Health Reinsurance segments.