Oxbridge Re (NASDAQ:OXBR) Shares Pass Below Two Hundred Day Moving Average of $2.03

Oxbridge Re Holdings Limited (NASDAQ:OXBR – Get Rating) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.03 and traded as low as $1.84. Oxbridge Re shares last traded at $1.84, with a volume of 1,675 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. TheStreet cut Oxbridge Re from a “c” rating to a “d” rating in a research report on Thursday, December 1st. StockNews.com initiated coverage on shares of Oxbridge Re in a research report on Wednesday, March 8th. They issued a “hold” rating on the stock.

Oxbridge Re Price Performance

The stock has a market capitalization of $10.64 million, a P/E ratio of -11.50 and a beta of 1.36. The stock’s fifty day moving average is $2.14 and its two-hundred day moving average is $2.03.

Institutional Investors Weigh In On Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Renaissance Technologies LLC increased its position in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR – Get Rating) by 49.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,900 shares of the insurance provider’s stock after acquiring an additional 10,900 shares during the quarter. Renaissance Technologies LLC owned 0.57% of Oxbridge Re worth $70,000 as of its most recent SEC filing. Institutional investors own 8.39% of the company’s stock.

Oxbridge Re Company Profile

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Oxbridge Re Holdings Ltd. engages in the provision of property and casualty reinsurance in the Gulf Coast region of the United States. Through its subsidiaries, it fully collateralizes policies to cover property losses from specified catastrophes. The company was founded by Sanjay Madhu on April 4, 2013 and is headquartered in George Town, Cayman Islands.