Helios Underwriting (LON:HUW) Shares Cross Below Fifty Day Moving Average - Here's Why

Key Points

• Helios Underwriting plc shares have dipped below their 50-day moving average, trading as low as GBX 202 ($2.76) compared to the average of GBX 212.33 ($2.90).
• The company has reported insider selling, with around 510,517 shares sold valued at over £877,795, indicating significant insider trading activities.
• Helios Underwriting operates in the Lloyd's insurance market and has a market capitalization of approximately £147.23 million with a notably high P/E ratio of 906.61.

Helios Underwriting plc (LON:HUW - Get Free Report) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 212.33 ($2.86) and traded as low as GBX 202 ($2.72). Helios Underwriting shares last traded at GBX 202.51 ($2.73), with a volume of 64,923 shares traded.

Helios Underwriting Stock Up 1.5%

The company has a debt-to-equity ratio of 42.35, a current ratio of 0.70 and a quick ratio of 0.81. The firm has a market capitalization of £149.51 million, a P/E ratio of 920.70 and a beta of 0.14. The company's 50-day simple moving average is GBX 211.84 and its two-hundred day simple moving average is GBX 216.94.

Insider Buying and Selling at Helios Underwriting

In other Helios Underwriting news, insider Nigel Hanbury sold 434,552 shares of Helios Underwriting stock in a transaction on Thursday, August 28th. The shares were sold at an average price of GBX 202, for a total value of £877,795.04. In the last 90 days, insiders have sold 510,517 shares of company stock worth $103,732,154. 35.13% of the stock is currently owned by insiders.

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.