Maiden (MHLD) Shares Up 6.2%
Maiden Holdings, Ltd. (NASDAQ:MHLD) shares shot up 6.2% during mid-day trading on Thursday . The stock traded as high as $0.73 and last traded at $0.69. 1,611,960 shares traded hands during mid-day trading, an increase of 132% from the average session volume of 695,265 shares. The stock had previously closed at $0.65.
Separately, B. Riley decreased their price target on shares of Maiden from $2.50 to $1.00 and set a “neutral” rating for the company in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $4.50.
The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83.
Maiden Company Profile (NASDAQ:MHLD)
Maiden Holdings, Ltd., through its subsidiaries, provides reinsurance solutions to regional and specialty insurers in the United States, Europe, and internationally. It operates in two segments, Diversified Reinsurance and AmTrust Reinsurance. The Diversified Reinsurance segment offers property and casualty reinsurance, including the writing of treaties on a quota share or excess of loss basis; and facultative risks, which are marketed through third-party intermediaries and on a direct basis.
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