StockNews.com initiated coverage on shares of Oxbridge Re (NASDAQ:OXBR – Free Report) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the insurance provider’s stock.
Oxbridge Re Price Performance
Shares of NASDAQ:OXBR opened at $2.32 on Friday. The business’s 50 day simple moving average is $1.96 and its 200 day simple moving average is $1.36. Oxbridge Re has a 1 year low of $0.87 and a 1 year high of $2.90. The company has a market capitalization of $13.94 million, a P/E ratio of -1.25 and a beta of 0.99.
Oxbridge Re (NASDAQ:OXBR – Get Free Report) last released its earnings results on Thursday, May 9th. The insurance provider reported ($0.15) earnings per share for the quarter. The firm had revenue of ($0.13) million during the quarter.
About Oxbridge Re
Oxbridge Re Holdings Limited, through its subsidiaries, provides specialty property and casualty reinsurance solutions. The company underwrites collateralized reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. It also issues reinsurance contracts through digital securities by blockchain technology.
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