Oxbridge Re (NASDAQ:OXBR – Get Free Report) announced its quarterly earnings results on Wednesday. The insurance provider reported ($0.05) earnings per share for the quarter, Zacks reports.
Oxbridge Re Stock Performance
Shares of Oxbridge Re stock traded down $0.09 during midday trading on Wednesday, reaching $2.11. 106,099 shares of the company’s stock traded hands, compared to its average volume of 30,357. The company has a market cap of $14.22 million, a PE ratio of -2.51 and a beta of 1.30. The stock has a 50 day moving average of $3.96 and a 200-day moving average of $3.41. Oxbridge Re has a 12 month low of $0.94 and a 12 month high of $5.81.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on Oxbridge Re in a research note on Friday, March 21st. They issued a “hold” rating on the stock.
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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