Kingstone Companies (NASDAQ:KINS) Shares Cross Above 50 Day Moving Average of $1.36

Kingstone Companies, Inc. (NASDAQ:KINS)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.36 and traded as high as $2.00. Kingstone Companies shares last traded at $1.94, with a volume of 20,900 shares changing hands.

Kingstone Companies Trading Down 4.9 %

The company has a market cap of $20.87 million, a P/E ratio of -1.53 and a beta of 0.29. The stock’s 50-day moving average is $1.36 and its two-hundred day moving average is $1.33. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.48 and a quick ratio of 0.48.

Kingstone Companies (NASDAQ:KINS) last issued its quarterly earnings data on Thursday, August 10th. The insurance provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). The company had revenue of $36.72 million for the quarter, compared to the consensus estimate of $37.40 million. Kingstone Companies had a negative net margin of 9.27% and a negative return on equity of 40.66%. As a group, equities research analysts predict that Kingstone Companies, Inc. will post -0.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Kingstone Companies stock. Advisor Group Holdings Inc. grew its holdings in Kingstone Companies, Inc. (NASDAQ:KINS) by 11.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,661 shares of the insurance provider’s stock after acquiring an additional 6,679 shares during the period. Advisor Group Holdings Inc. owned 0.60% of Kingstone Companies worth $339,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 27.50% of the company’s stock.

About Kingstone Companies

Kingstone Companies, Inc, through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to individuals in the United States. It offers personal line of insurance products, including homeowners and dwelling fire multi-peril, cooperative/condominiums, renters, and personal umbrella policies.