Maiden (NASDAQ:MHLD) Stock Passes Above Two Hundred Day Moving Average of $2.23

Shares of Maiden Holdings, Ltd. (NASDAQ:MHLDGet Rating) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.23 and traded as high as $2.23. Maiden shares last traded at $2.23, with a volume of 15,086 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Maiden from a “hold” rating to a “sell” rating in a report on Monday, May 23rd.

Maiden Trading Up 1.4 %

The company has a market cap of $194.37 million, a price-to-earnings ratio of 4.21 and a beta of 1.22. The company’s fifty day moving average price is $2.14 and its two-hundred day moving average price is $2.23. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.12.

Institutional Trading of Maiden

Several hedge funds have recently modified their holdings of MHLD. Prudential Financial Inc. acquired a new stake in shares of Maiden during the second quarter worth approximately $27,000. Camelot Portfolios LLC bought a new stake in shares of Maiden during the second quarter valued at approximately $45,000. ProShare Advisors LLC bought a new stake in shares of Maiden during the fourth quarter valued at approximately $47,000. Assenagon Asset Management S.A. bought a new stake in shares of Maiden during the second quarter valued at approximately $53,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Maiden during the second quarter valued at approximately $53,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

Maiden Company Profile

(Get Rating)

Maiden Holdings, Ltd., through its subsidiaries, provides property and casualty reinsurance solutions to regional and specialty insurers in Europe, the United States, and internationally. It operates in two segments: Diversified Reinsurance and AmTrust Reinsurance. The company writes treaties on a quota share basis and excess of loss basis.

See Also

Receive News & Ratings for Maiden Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maiden and related companies with MarketBeat.com's FREE daily email newsletter.