M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Share Price Passes Below 50 Day Moving Average – Should You Sell?

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $12.60 and traded as low as $12.5540. M�nchener R�ckversicherungs-Gesellschaft shares last traded at $12.63, with a volume of 413,959 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MURGY. Kepler Capital Markets initiated coverage on shares of M�nchener R�ckversicherungs-Gesellschaft in a research note on Friday, January 16th. They set a “buy” rating on the stock. Zacks Research upgraded shares of M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, M�nchener R�ckversicherungs-Gesellschaft has a consensus rating of “Moderate Buy”.

M�nchener R�ckversicherungs-Gesellschaft Stock Down 1.9%

The company has a market cap of $81.85 billion, a P/E ratio of 7.18, a PEG ratio of 1.37 and a beta of 0.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.13 and a quick ratio of 1.13. The business’s 50 day moving average price is $12.60 and its 200-day moving average price is $12.68.

About M�nchener R�ckversicherungs-Gesellschaft

Münchener Rückversicherungs-Gesellschaft (OTCMKTS:MURGY), commonly known as Munich Re, is a global reinsurance company headquartered in Munich, Germany. The firm’s core business is providing reinsurance solutions to primary insurers, covering property–casualty and life & health risks. Munich Re also offers specialty reinsurance products for complex or large-scale exposures and develops tailored risk-transfer solutions for clients facing catastrophic, industrial, or longevity risks.

In addition to its reinsurance operations, Munich Re conducts primary insurance activities through its ERGO Group subsidiary, which markets life, health, property & casualty, and legal protection insurance to retail and corporate customers.