Maiden (NASDAQ:MHLD) Stock Price Crosses Above 200 Day Moving Average of $2.05

Maiden Holdings, Ltd. (NASDAQ:MHLD) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.05 and traded as high as $2.18. Maiden shares last traded at $2.00, with a volume of 1,615,974 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Maiden in a research note on Thursday, August 17th. They issued a “sell” rating on the stock.

Maiden Trading Up 7.0 %

The business has a 50 day simple moving average of $1.85 and a two-hundred day simple moving average of $2.05. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.95. The stock has a market cap of $203.22 million, a price-to-earnings ratio of 10.53 and a beta of 1.15.

Maiden (NASDAQ:MHLD) last posted its earnings results on Tuesday, August 8th. The insurance provider reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $21.64 million for the quarter. Maiden had a return on equity of 15.09% and a net margin of 19.84%.

Institutional Investors Weigh In On Maiden

Several institutional investors have recently made changes to their positions in MHLD. California State Teachers Retirement System acquired a new stake in Maiden during the second quarter worth $63,000. GTS Securities LLC bought a new position in Maiden during the second quarter worth about $52,000. Wells Fargo & Company MN lifted its holdings in Maiden by 668.1% during the second quarter. Wells Fargo & Company MN now owns 35,593 shares of the insurance provider’s stock worth $75,000 after acquiring an additional 30,959 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Maiden by 13.7% during the second quarter. Goldman Sachs Group Inc. now owns 73,325 shares of the insurance provider’s stock worth $154,000 after buying an additional 8,857 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Maiden by 159,270.0% during the second quarter. Royal Bank of Canada now owns 15,937 shares of the insurance provider’s stock worth $34,000 after buying an additional 15,927 shares during the last quarter. 20.01% of the stock is currently owned by institutional investors and hedge funds.

Maiden Company Profile

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.