Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Posted by Faye Duncan on Jan 17th, 2025

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY – Get Free Report) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-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.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Jefferies Financial Group cut Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. UBS Group lowered Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 19th. Finally, Berenberg Bank lowered shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th.

Read Our Latest Stock Report on Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Trading Up 0.4 %

The firm has a market cap of $68.49 billion, a P/E ratio of 6.66, a P/E/G ratio of 1.57 and a beta of 1.02. The company’s 50 day simple moving average is $10.29 and its 200-day simple moving average is $10.31. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.20.

About Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

(Get Free Report)

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.