Oxbridge Re (NASDAQ:OXBR) Posts Earnings Results, Misses Estimates By $0.01 EPS

Oxbridge Re (NASDAQ:OXBR) announced its quarterly earnings results on Thursday. The insurance provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), Zacks reports. Oxbridge Re had a negative net margin of 109.74% and a negative return on equity of 48.04%. The company had revenue of $0.65 million during the quarter, compared to analysts’ expectations of $0.74 million.

Oxbridge Re Price Performance

OXBR traded down $0.01 during midday trading on Friday, reaching $1.32. 32,219 shares of the company’s stock were exchanged, compared to its average volume of 18,305. Oxbridge Re has a 1-year low of $1.27 and a 1-year high of $5.81. The stock has a market capitalization of $10.08 million, a PE ratio of -3.88 and a beta of 1.97. The business’s 50-day moving average price is $1.91 and its 200 day moving average price is $1.85.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Oxbridge Re in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $5.00.

About Oxbridge Re

Oxbridge Re Holdings Limited, through its subsidiaries, provides specialty property and casualty reinsurance solutions. The company underwrites collateralized reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. It also issues reinsurance contracts through digital securities by blockchain technology.