Helios Underwriting (LON:HUW) Shares Pass Below 50 Day Moving Average - Here's What Happened

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.

Shares of Helios Underwriting plc (LON:HUW - ) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 212.33 ($2.90) and traded as low as GBX 202 ($2.76). Helios Underwriting shares last traded at GBX 202.51 ($2.76), with a volume of 64,923 shares.

Helios Underwriting Stock Performance

The stock has a fifty day simple moving average of GBX 212.33 and a 200-day simple moving average of GBX 217.12. The stock has a market cap of £147.23 million, a P/E ratio of 906.61 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 Buying and Selling at Helios Underwriting

In other news, insider Nigel Hanbury sold 434,552 shares of the firm's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of GBX 202, for a total value of £877,795.04. In the last three months, insiders sold 510,517 shares of company stock valued at $103,732,154. 35.13% of the stock is owned by company insiders.

Helios Underwriting Company Profile

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.

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