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

Swiss Re Ltd. (OTCMKTS:SSREYGet Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $42.79, but opened at $40.74. Swiss Re shares last traded at $40.78, with a volume of 2,969 shares changing hands.

Analyst Ratings Changes

SSREY has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Swiss Re in a research note on Friday, May 8th. Morgan Stanley reiterated an “underweight” rating on shares of Swiss Re in a report on Friday, May 8th. Finally, UBS Group lowered shares of Swiss Re from a “neutral” rating to a “sell” rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Get Our Latest Analysis on SSREY

Swiss Re Price Performance

The company has a current ratio of 39.12, a quick ratio of 39.12 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average price of $39.07 and a 200 day moving average price of $40.34.

About Swiss Re

(Get Free Report)

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.

Further Reading

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