Swiss Re (OTCMKTS:SSREY) Shares Gap Down – Here’s What Happened

Shares of Swiss Re Ltd. (OTCMKTS:SSREY) gapped down prior to trading on Wednesday . The stock had previously closed at $44.0340, but opened at $41.63. Swiss Re shares last traded at $41.49, with a volume of 2,177 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, UBS Group cut Swiss Re from a “neutral” rating to a “sell” rating in a report on Thursday, May 21st. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Swiss Re Stock Performance

The company has a quick ratio of 39.12, a current ratio of 39.12 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $42.28 and its 200-day simple moving average is $40.90.

Swiss Re Company Profile

Swiss Re Ltd. is a global reinsurance company headquartered in Zurich, Switzerland. Founded in 1863, the company provides risk-transfer and insurance-related services to insurance companies, businesses and public-sector organizations worldwide.

Swiss Re’s principal activities include property and casualty reinsurance, which covers risks such as natural catastrophes, property damage, liability and specialty exposures, and life and health reinsurance, which supports insurers with mortality, longevity, health and other biometric risks.