Swiss Re (OTCMKTS:SSREY) Reaches New 1-Year Low – Should You Sell?

Swiss Re Ltd. (OTCMKTS:SSREY)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $37.73 and last traded at $37.80, with a volume of 80127 shares traded. The stock had previously closed at $38.07.

Analyst Ratings Changes

A number of research firms have issued reports on SSREY. Morgan Stanley restated an “underweight” rating on shares of Swiss Re in a report on Friday, May 8th. UBS Group cut Swiss Re from a “neutral” rating to a “sell” rating in a report on Thursday, May 21st. Finally, Citigroup restated 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 given a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Swiss Re Trading Down 0.7%

The company has a debt-to-equity ratio of 0.32, a quick ratio of 39.12 and a current ratio of 39.12. The firm has a 50 day simple moving average of $40.69 and a two-hundred day simple moving average of $41.37.

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.