StockNews.com cut shares of Greenlight Capital Re (NASDAQ:GLRE – Free Report) from a buy rating to a hold rating in a research report report published on Thursday morning.
Greenlight Capital Re Trading Up 1.7 %
GLRE opened at $13.46 on Thursday. The stock has a market capitalization of $475.42 million, a PE ratio of 4.50 and a beta of 0.84. Greenlight Capital Re has a 12-month low of $10.45 and a 12-month high of $13.96. The firm’s fifty day moving average price is $12.92 and its 200 day moving average price is $12.54. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.09 and a quick ratio of 3.09.
Greenlight Capital Re (NASDAQ:GLRE – Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The firm had revenue of $174.86 million for the quarter. Greenlight Capital Re had a net margin of 15.69% and a return on equity of 18.32%.
Hedge Funds Weigh In On Greenlight Capital Re
About Greenlight Capital Re
Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage, personal lines, and commercial lines. It also provides casualty reinsurance products and services comprising general liability, motor liability, professional liability, and worker's compensation; and accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, and energy, as well as other specialty products, such as aviation, crop, cyber, political, and terrorism products.
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