Maiden (NASDAQ:MHLD) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Maiden Holdings, Ltd. (NASDAQ:MHLD)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.10 and traded as high as $1.29. Maiden shares last traded at $1.16, with a volume of 493,715 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Maiden to a “sell” rating in a research report on Wednesday, May 14th.

Maiden Price Performance

The firm has a market cap of $115.13 million, a P/E ratio of -1.78 and a beta of 1.31. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.86 and a quick ratio of 0.86. The firm’s 50 day moving average is $1.13 and its 200 day moving average is $1.10.

Maiden (NASDAQ:MHLD) last announced its earnings results on Monday, May 12th. The insurance provider reported ($0.03) earnings per share for the quarter. Maiden had a negative net margin of 71.58% and a negative return on equity of 16.55%. The business had revenue of $10.72 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MHLD. Jane Street Group LLC boosted its holdings in Maiden by 23.2% in the first quarter. Jane Street Group LLC now owns 105,232 shares of the insurance provider’s stock worth $60,000 after acquiring an additional 19,791 shares in the last quarter. Nuveen LLC purchased a new position in shares of Maiden in the 1st quarter worth about $92,000. XTX Topco Ltd bought a new position in Maiden in the 1st quarter worth about $26,000. Bank of America Corp DE boosted its stake in Maiden by 26.7% in the 4th quarter. Bank of America Corp DE now owns 83,451 shares of the insurance provider’s stock worth $141,000 after purchasing an additional 17,565 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Maiden by 340.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 22,009 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 17,014 shares during the last quarter. Institutional investors own 21.78% of the company’s stock.

Maiden Company Profile

Maiden Holdings, Ltd., through its subsidiaries, provides property and casualty insurance and reinsurance solutions to regional and specialty insurers in Europe, North America, 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.