Beazley (OTCMKTS:BZLYF) Stock Price Down 1.8% – Here’s Why

Beazley plc (OTCMKTS:BZLYF)’s share price dropped 1.8% on Thursday . The stock traded as low as $16.9875 and last traded at $16.9875. Approximately 809 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 8,264 shares. The stock had previously closed at $17.3050.

Analyst Ratings Changes

Several research analysts recently commented on BZLYF shares. Citigroup cut shares of Beazley to a “neutral” rating in a report on Wednesday, January 21st. Jefferies Financial Group cut shares of Beazley to a “hold” rating in a report on Thursday, February 5th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Beazley Price Performance

The company’s 50-day moving average price is $17.05 and its two-hundred day moving average price is $14.54.

About Beazley

Beazley PLC is a specialist insurer and reinsurer headquartered in London, operating as a Lloyd’s syndicate manager (Syndicate 2623) and a publicly listed company on the London Stock Exchange. Established in 1986, Beazley has built a reputation for underwriting expertise across a range of specialty lines, offering tailored risk solutions to clients worldwide. The company’s shares trade in the United States on the OTC market under the ticker BZLYF.

The firm’s core business activities span five principal divisions: Property, Marine, Political Risk & Crisis Management, Reinsurance, and Specialty Lines.