Hannover Rück (OTCMKTS:HVRRY) Share Price Crosses Below Fifty Day Moving Average - Should You Sell?

Hannover Rück SE (OTCMKTS:HVRRY - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $46.12 and traded as low as $42.62. Hannover Rück shares last traded at $42.74, with a volume of 1,948 shares changing hands.

Hannover Rück Price Performance

The company has a market cap of $30.93 billion, a price-to-earnings ratio of 15.14 and a beta of 0.74. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.08 and a current ratio of 0.08. The company's 50 day moving average price is $46.12 and its 200 day moving average price is $43.46.

Hannover Rück (OTCMKTS:HVRRY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $2.69 earnings per share for the quarter, topping the consensus estimate of $0.65 by $2.04. Hannover Rück had a net margin of 7.43% and a return on equity of 16.85%. The firm had revenue of $6.72 billion for the quarter. On average, equities research analysts predict that Hannover Rück SE will post 3.35 earnings per share for the current fiscal year.

About Hannover Rück

Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally. It operates through Property & Casualty Reinsurance; and Life & Health Reinsurance segments.