M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Shares Gap Down – Here’s What Happened

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY)’s stock price gapped down before the market opened on Monday. The stock had previously closed at $13.33, but opened at $12.64. M�nchener R�ckversicherungs-Gesellschaft shares last traded at $12.6725, with a volume of 5,101 shares traded.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, M�nchener R�ckversicherungs-Gesellschaft has an average rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Stock Performance

The company has a 50-day moving average of $12.01 and a 200-day moving average of $11.94. The company has a market cap of $81.28 billion, a PE ratio of 5.15, a PEG ratio of 2.29 and a beta of 0.32. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.22.

About M�nchener R�ckversicherungs-Gesellschaft

Munich Re, formally Münchener Rückversicherungs-Gesellschaft, is a global reinsurance and insurance group founded in 1880 and headquartered in Munich, Germany. It provides reinsurance and related risk-management services to insurers, businesses and public-sector organizations. Its reinsurance business covers property and casualty risks as well as life and health insurance, offering products and services that help clients manage and transfer risk. The group also serves customers directly through ERGO, its primary insurance business, which offers insurance and other financial services.