Oxbridge Re (NASDAQ:OXBR) Shares Cross Below Fifty Day Moving Average – Here’s What Happened
by Kim Johansen · The Markets DailyOxbridge Re Holdings Limited (NASDAQ:OXBR – Get Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.35 and traded as low as $1.2864. Oxbridge Re shares last traded at $1.31, with a volume of 1,785 shares.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Oxbridge Re in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Oxbridge Re currently has a consensus rating of “Hold” and an average target price of $5.00.
Read Our Latest Stock Analysis on Oxbridge Re
Oxbridge Re Trading Down 0.8%
The stock has a market capitalization of $10.06 million, a P/E ratio of -3.85 and a beta of 2.14. The business’s fifty day simple moving average is $1.35 and its two-hundred day simple moving average is $1.75.
Oxbridge Re (NASDAQ:OXBR – Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The insurance provider reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Oxbridge Re had a negative net margin of 109.74% and a negative return on equity of 47.76%. The company had revenue of $0.65 million for the quarter, compared to analyst estimates of $0.74 million.
Institutional Trading of Oxbridge Re
An institutional investor recently bought a new position in Oxbridge Re stock. Virtu Financial LLC bought a new stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,789 shares of the insurance provider’s stock, valued at approximately $32,000. Virtu Financial LLC owned 0.23% of Oxbridge Re as of its most recent SEC filing. Institutional investors and hedge funds own 5.64% of the company’s stock.
About Oxbridge Re
Oxbridge Re Holdings Limited (NASDAQ: OXBR) is a reinsurance holding company that provides capital solutions and risk-sharing arrangements to insurance carriers. Its core business centers on offering treaty reinsurance and structured transactions designed to help insurers manage underwriting exposures and optimize their capital efficiency. By leveraging tailored financing structures, Oxbridge Re enables clients to transfer segments of their in-force life and health insurance portfolios, freeing up capital for growth or other strategic initiatives.
The company’s products and services include quota share reinsurance, coinsurance, and loss portfolio transfers, each crafted to address specific balance sheet and earnings targets of cedents.