Swiss Re (OTCMKTS:SSREY) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Shares of Swiss Re Ltd. (OTCMKTS:SSREY) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $44.38 and traded as low as $40.97. Swiss Re shares last traded at $40.97, with a volume of 63,164 shares changing hands.

Analyst Ratings Changes

SSREY has been the topic of several recent research reports. Berenberg Bank downgraded Swiss Re from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Swiss Re in a report on Monday, December 8th. Citigroup cut shares of Swiss Re from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Oddo Bhf cut shares of Swiss Re to a “neutral” rating in a research report on Tuesday, December 9th. Finally, UBS Group downgraded Swiss Re from a “strong-buy” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Swiss Re Stock Up 0.4%

The firm’s 50 day moving average price is $44.38 and its two-hundred day moving average price is $44.60.

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.