Maiden (NASDAQ:MHLD) Share Price Passes Above 200-Day Moving Average – What’s Next?

Maiden Holdings, Ltd. (NASDAQ:MHLD)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-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.

Analyst Upgrades and Downgrades

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

Maiden Stock Up 15.5%

The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $115.13 million, a price-to-earnings ratio of -1.78 and a beta of 1.31. The business has a 50-day simple moving average of $1.13 and a 200-day simple moving average of $1.09.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MHLD. Raymond James Financial Inc. purchased a new position in shares of Maiden in the 4th quarter valued at approximately $35,000. Tower Research Capital LLC TRC boosted its stake in shares of Maiden by 340.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 22,009 shares of the insurance provider’s stock valued at $37,000 after buying an additional 17,014 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Maiden in the first quarter valued at approximately $26,000. Wells Fargo & Company MN boosted its stake in shares of Maiden by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 51,664 shares of the insurance provider’s stock valued at $87,000 after buying an additional 11,252 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Maiden by 26.7% in the fourth quarter. Bank of America Corp DE now owns 83,451 shares of the insurance provider’s stock valued at $141,000 after buying an additional 17,565 shares in the last quarter. Hedge funds and other 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.