Oxbridge Re (NASDAQ:OXBR) Stock Passes Above Fifty Day Moving Average of $1.75

Oxbridge Re Holdings Limited (NASDAQ:OXBR) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.75 and traded as high as $2.58. Oxbridge Re shares last traded at $2.35, with a volume of 63,820 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Oxbridge Re in a report on Saturday. They issued a “hold” rating on the stock.

Oxbridge Re Stock Down 6.4 %

The business’s 50-day moving average is $1.75 and its 200-day moving average is $1.29. The company has a market capitalization of $14.12 million, a price-to-earnings ratio of -1.26 and a beta of 0.97.

Oxbridge Re (NASDAQ:OXBR) last issued its quarterly earnings data on Thursday, May 9th. The insurance provider reported ($0.15) earnings per share (EPS) for the quarter. The firm had revenue of ($0.13) million during the quarter.

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.