German stock alert
Afternoon Alert: Hannover Rueck hits 52-week high second time in one month 20 April 2018 13:15 CEST
NEWS BITES - EUROPE
Hannover Rueckversicherung AG (ETR:HNR1) hit a 52-week high of EUR117.20 today for the second time in the past one month and last traded at EUR117.20. This brought its four-day rise to EUR3.40 or 3.0%. Trading volume was 1.5 times average so far today.
Current indications of bullish signals that support the trend in the unusual trading:
+ The positive 1.45 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ The price lifted 2.7% in the last week and climbed 4.7% in the last month.
Fundamental measures by comparison with the sector average [in brackets] indicate:
+ Year-on-Year Earnings Growth of 1.8% [0.2%]
+ Dividend yield of 5.5% [0.8%]
+ Return on Equity 14.2% [8.6%]
+ Return on Assets 1.9% [1.2%]
+ Price/Earnings of 12.1 [13.3]
The stock has outperformed 74% of the Xetra market over the past 6 months.
Tobin's Q Ratio is 0.2. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.
Hannover Rueckversicherung AG (DE:HNR1; ETR:HNR1; GR:HNR1)