Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $10.69 and traded as low as $10.18. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München shares last traded at $10.34, with a volume of 325,883 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lowered shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “buy” rating to a “hold” rating in a report on Monday, October 21st.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Stock Performance

The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $10.69 and a 200-day simple moving average of $10.04.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The firm had revenue of $16.10 billion for the quarter. On average, analysts expect that Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München will post 0.99 earnings per share for the current year.

About Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. It also offers life and health reinsurance solutions, such as digital underwriting and advanced analytics solutions, health insurance management system, financial market risks, financing, portfolio risk management, digitalized investment-linked solution, MIRA digital suite, MIRA POS, MIRApply insured and physician, claims risk adjustment, CLARA plus, data analytics, underwriting and claims, medical research, capital management, and health market.