Greenlight Capital Re (NASDAQ:GLRE) Announces Earnings Results

Greenlight Capital Re (NASDAQ:GLRE) released its quarterly earnings data on Tuesday. The financial services provider reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02), Zacks reports. The business had revenue of $174.86 million during the quarter. Greenlight Capital Re had a net margin of 15.69% and a return on equity of 18.32%.

Greenlight Capital Re Stock Performance

Shares of GLRE stock traded down $0.04 during trading on Friday, hitting $12.47. The company’s stock had a trading volume of 85,573 shares, compared to its average volume of 76,190. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.12. The company has a market cap of $440.45 million, a PE ratio of 4.17 and a beta of 0.84. The business has a fifty day moving average of $12.93 and a 200-day moving average of $12.48. Greenlight Capital Re has a 52 week low of $10.45 and a 52 week high of $13.96.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Greenlight Capital Re from a “hold” rating to a “buy” rating in a research note on Wednesday.

Greenlight Capital Re Company Profile

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.