Helios Underwriting (LON:HUW) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Helios Underwriting plc (LON:HUW) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 207.96 and traded as high as GBX 210. Helios Underwriting shares last traded at GBX 210, with a volume of 35,839 shares trading hands.

Helios Underwriting Price Performance

The firm has a 50 day moving average price of GBX 207.96 and a two-hundred day moving average price of GBX 212.15. The company has a market cap of £147.43 million, a P/E ratio of 9.08 and a beta of 0.14. The company has a debt-to-equity ratio of 42.35, a quick ratio of 0.81 and a current ratio of 0.70.

Insider Activity

In other news, insider Tom Libassi sold 525,478 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of GBX 238, for a total value of £1,250,637.64. Also, insider Nigel Hanbury sold 762,228 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of GBX 238, for a total transaction of £1,814,102.64. Insiders sold 1,905,023 shares of company stock valued at $443,895,474 in the last quarter. Corporate insiders own 32.47% of the company’s stock.

About Helios Underwriting

Helios Underwriting plc, together with its subsidiaries, provides a limited liability investment for its shareholders in the Lloyd's insurance market in the United Kingdom. It operates through Syndicate Participation and Investment Management segments. The company participates in the Lloyd's insurance market through a portfolio of Lloyd's syndicates. Its portfolio provides property insurance and reinsurance products. The company was formerly known as Hampden Underwriting Plc and changed its name to Helios Underwriting Plc in January 2014.