Swiss Re (OTCMKTS:SSREY) Sets New 52-Week Low – Here’s Why

Shares of Swiss Re Ltd. (OTCMKTS:SSREY) hit a new 52-week low on Friday . The company traded as low as $37.9896 and last traded at $38.00, with a volume of 6947 shares changing hands. The stock had previously closed at $38.87.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SSREY shares. UBS Group downgraded Swiss Re from a “neutral” rating to a “sell” rating in a research note on Thursday. Citigroup reissued a “neutral” rating on shares of Swiss Re in a research note on Friday, May 8th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Swiss Re in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

Swiss Re Trading Down 1.9%

The stock has a fifty day simple moving average of $40.88 and a 200-day simple moving average of $41.57. The company has a quick ratio of 39.12, a current ratio of 39.12 and a debt-to-equity ratio of 0.32.

Swiss Re Company Profile

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.