Shares of GBLI traded down $0.56 during mid-day trading on Tuesday, reaching $29.32. The company’s stock had a trading volume of 7,041 shares, compared to its average volume of 13,742. Global Indemnity has a 1 year low of $26.01 and a 1 year high of $42.24. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.26 and a current ratio of 0.26.
Global Indemnity (NASDAQ:GBLI) last posted its quarterly earnings results on Friday, May 3rd. The insurance provider reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $1.02. Global Indemnity had a negative net margin of 8.24% and a negative return on equity of 3.44%. The business had revenue of $140.19 million for the quarter.
About Global Indemnity
Global Indemnity Limited, through its subsidiaries, provides insurance and reinsurance products and services in the United States and internationally. The company operates through three segments: Commercial Lines, Personal Lines, and Reinsurance Operations. The Commercial Lines segment distributes property, general liability, casualty, and professional lines products, as well as products for vacant, and under construction and renovation dwellings.
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