Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Shares Cross Above Fifty Day Moving Average – Here’s Why

Shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.29 and traded as high as $10.33. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München shares last traded at $10.24, with a volume of 241,766 shares traded.

Analysts Set New Price Targets

A number of brokerages recently commented on MURGY. UBS Group downgraded shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 19th. Jefferies Financial Group cut shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, Berenberg Bank lowered Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Trading Up 1.3 %

The firm has a market capitalization of $69.35 billion, a price-to-earnings ratio of 6.74, a price-to-earnings-growth ratio of 1.57 and a beta of 1.02. The company has a fifty day moving average price of $10.29 and a 200-day moving average price of $10.31. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.20.

About Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. It also offers life and health reinsurance solutions, such as digital underwriting and advanced analytics solutions, health insurance management system, financial market risks, financing, portfolio risk management, digitalized investment-linked solution, MIRA digital suite, MIRA POS, MIRApply insured and physician, claims risk adjustment, CLARA plus, data analytics, underwriting and claims, medical research, capital management, and health market.