Oxbridge Re (NASDAQ:OXBR) Given Daily Coverage Optimism Score of 0.12

News stories about Oxbridge Re (NASDAQ:OXBR) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Oxbridge Re earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 45.3959986589845 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Oxbridge Re (OXBR) remained flat at $$2.20 during mid-day trading on Friday. 10,534 shares of the company’s stock were exchanged, compared to its average volume of 19,400. The firm has a market cap of $12.61, a price-to-earnings ratio of -0.56 and a beta of -0.35. Oxbridge Re has a 12-month low of $1.85 and a 12-month high of $6.90.

Oxbridge Re announced that its board has approved a stock repurchase program on Thursday, September 28th that allows the company to buyback shares. This buyback authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Separately, TheStreet cut shares of Oxbridge Re from a “b” rating to a “c+” rating in a research note on Tuesday, September 26th.

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