Oxbridge Re (NASDAQ:OXBR) Announces Quarterly Earnings Results

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

Oxbridge Re Price Performance

Shares of NASDAQ:OXBR traded down $0.01 during trading on Friday, hitting $1.32. 32,219 shares of the company were exchanged, compared to its average volume of 18,305. Oxbridge Re has a 52-week low of $1.27 and a 52-week high of $5.81. The stock has a 50 day moving average of $1.91 and a 200 day moving average of $1.85. The company has a market cap of $10.08 million, a PE ratio of -3.88 and a beta of 1.97.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Oxbridge Re in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Oxbridge Re has a consensus rating of “Hold” and a consensus price target of $5.00.

Oxbridge Re Company Profile

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.