Home  »  Stocks to Invest   »  Oxbridge Re Holdings Ltd. (OXBR) Stock Taking Gian...

Oxbridge Re Holdings Ltd. (OXBR) Stock Taking Giant Leaps Forward in Aftermarket, Here’s Why

 Oxbridge Re Holdings Ltd. (OXBR), a company that provides specialty property and casualty reinsurance solutions, has surged 27.73% in aftermarket trading sessions and consequently is trading at $4.56 at the time of the writing. The increase could be attributed to the announcement of quarterly results. On Friday, OXBR closed the day at $3.57 after increasing 0.28% during regular trading hours.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .

Sponsored

Why OXBR Surging?

On 12th November, OXBR released the quarterly results for the third quarter of the fiscal year 2021. The quarter ended on 30th September 2021. The company had cash and cash equivalents of $3.74 million on 30th September. The total revenue generated by the company during the period was $7.02 million against $0.25 million for the same period of 2020. The total expenses bore by the company during the period were $0.47 million against $0.26 million for the same period of 2020. The net income generated by the company during the quarter stood at $6.52 million (or $1.14 per basic and diluted share) against the net loss of $33,000 (or $0.01 per basic and diluted share) during the same period of 2020.

Strong Financial Ratios

Alongside the financial results, OXBR also reported solid financial ratios. The loss ratio increased to 42.7% during the quarter agains20.9% during the same period of 2020. The acquisition cost ratio for the period changed to 11.1% against 11% for the same period of 2020. The expense ratio for the three-month period decreased 86.8% against 107.7% for the same period of 2020. The combined ratio for the quarter increased to 129.5% against 107.7% for the same quarter of 2020.

Executive Commentary

President and Chief Executive Officer of OXBR, Jay Madhu, while commenting on the results, said that the company is pleased to have completed its investment in Oxbridge Acquisition Corp. during the quarter. He stressed that looking ahead; the company is optimistic about the long-term prospects for the core of its business and its stability in the aftermath of the pandemic.

Future Outlook for OXBR

During the last month, OXBR stock has surged more than 25%, with the analysts expecting the stock is in a good position to achieve a further rise in the upcoming days. Potential investors should keep a close eye on the performance of OXBR.

Leave a Comment

Your email address will not be published.

Related Videos

[youtube-feed num=3 showheader=false  layout="gallery" subscribecolor="#FF0000"]

Most Popular

Related Videos

[youtube-feed num=6 showheader=false subscribecolor="#FF0000"]

Related Posts