Greenlight Capital Re Ltd. Stock Downgraded (GLRE)
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- Compared to its price level of one year ago, GLRE is up 1.41% to its most recent closing price of 24.32. Looking ahead, our view is that this company's fundamentals should not have much impact in either direction, allowing the stock to generally move up or down based on the push and pull of the broad market.
- GLRE has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign.
- 37.10% is the gross profit margin for GREENLIGHT CAPITAL RE LTD which we consider to be strong. Regardless of GLRE's high profit margin, it has managed to decrease from the same period last year.
- The net income has decreased by 12.9% when compared to the same quarter one year ago, dropping from $65.13 million to $56.73 million.
- Since the same quarter one year prior, revenues slightly dropped by 1.1%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
-- Written by a member of TheStreet Ratings Staff
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