Oxbridge Re (NASDAQ:OXBR) Cut to Hold at ValuEngine

Oxbridge Re (NASDAQ:OXBR) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, ValuEngine reports.

Shares of NASDAQ:OXBR traded down $0.03 during trading on Tuesday, hitting $0.79. 3 shares of the company were exchanged, compared to its average volume of 160,754. Oxbridge Re has a 12-month low of $0.51 and a 12-month high of $2.93. The firm’s 50 day moving average price is $0.95 and its 200-day moving average price is $1.09.

About Oxbridge Re

Oxbridge Re Holdings Limited, through its subsidiaries, provides specialty property and casualty reinsurance solutions. It focuses on underwriting fully-collateralized reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. The company distributes its products through reinsurance brokers.

Featured Story: Current Ratio

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Oxbridge Re Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxbridge Re and related companies with MarketBeat.com's FREE daily email newsletter.