Hannover Ruck (OTCMKTS:HVRRY) Shares Gap Down – Time to Sell?

Hannover Ruck SE (OTCMKTS:HVRRY) shares gapped down before the market opened on Monday. The stock had previously closed at $57.0680, but opened at $53.80. Hannover Ruck shares last traded at $53.80, with a volume of 404 shares.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Hannover Ruck from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 15th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Hannover Ruck Stock Performance

The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.29. The company has a market cap of $39.14 billion, a price-to-earnings ratio of 13.39 and a beta of 0.14. The stock has a 50 day moving average price of $50.39 and a two-hundred day moving average price of $48.97.

Hannover Ruck (OTCMKTS:HVRRY) last announced its quarterly earnings data on Monday, November 9th. The financial services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. Hannover Ruck had a return on equity of 18.00% and a net margin of 9.33%. Analysts predict that Hannover Ruck SE will post 4.20 EPS for the current year.

Hannover Ruck Company Profile

Hannover Rück SE, commonly known as Hannover Re, is a Germany-based reinsurance company headquartered in Hannover. Founded in 1966, it provides risk transfer and related services to insurers and other clients around the world.

The company’s main business areas are property and casualty reinsurance and life and health reinsurance. Its offerings include coverage for risks such as natural catastrophes, property damage, liability, mortality and longevity, as well as tailored reinsurance and risk management solutions.

Hannover Re serves clients internationally through a network of subsidiaries and branches.