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Greenlight Capital Re, Ltd. (NASDAQ:GLRE) has been upgraded to Buy in a statement by ValuEngine earlier today.

ValuEngine has upgraded Greenlight Capital Re, Ltd. (NASDAQ:GLRE) to Buy in a statement released on 7/07/2017.

Boasting a price of $21.10, Greenlight Capital Re, Ltd. (NASDAQ:GLRE) traded -0.44% lower on the day. With the last stock price close down 5.76% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. Greenlight Capital Re, Ltd. has recorded a 50-day average of $21.46 and a two hundred day average of $21.56. Volume of trade was up over the average, with 184,909 shares of GLRE changing hands over the typical 129,517

Performance Chart

Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

With a market capitalization of $0, Greenlight Capital Re, Ltd. has PE ratio of 16.34 with a 52 week low of $19.25 and a 52 week high of $24.10 .

Brief Synopsis On Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Greenlight Capital Re, Ltd. is a holding company. The Company analyzes its underwriting operations using two categories: frequency business, which is characterized as contracts containing a number of small losses emanating from multiple events, and severity business, which is characterized as contracts with the potential for significant losses emanating from one event or multiple events. It conducts its reinsurance operations through two licensed and regulated reinsurance entities: Greenlight Reinsurance, Ltd. (Greenlight Re), based in the Cayman Islands, and Greenlight Reinsurance Ireland, Ltd. (GRIL), based in Ireland. Greenlight Re is engaged in writing property and casualty reinsurance business, as well as long term business, such as life insurance, long term disability and long term care, among others. GRIL is a non-life reinsurance undertaking. Verdant Holding Company, Ltd. makes strategic investments in a select group of property and casualty insurers, and general agents.

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