Beazley (OTCMKTS:BZLYF) Trading Down 3.1% – Here’s Why

Beazley plc (OTCMKTS:BZLYF) shares dropped 3.1% on Monday . The stock traded as low as $11.00 and last traded at $11.00. Approximately 5,895 shares changed hands during mid-day trading, an increase of 93% from the average daily volume of 3,047 shares. The stock had previously closed at $11.3525.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reissued an “outperform” rating on shares of Beazley in a research report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Beazley Price Performance

The business has a fifty day moving average of $11.20 and a 200-day moving average of $11.56.

Beazley Company Profile

Beazley PLC is a specialist insurer and reinsurer headquartered in London, operating as a Lloyd’s syndicate manager (Syndicate 2623) and a publicly listed company on the London Stock Exchange. Established in 1986, Beazley has built a reputation for underwriting expertise across a range of specialty lines, offering tailored risk solutions to clients worldwide. The company’s shares trade in the United States on the OTC market under the ticker BZLYF.

The firm’s core business activities span five principal divisions: Property, Marine, Political Risk & Crisis Management, Reinsurance, and Specialty Lines.