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

Key Points

• Helios Underwriting's stock has fallen below its fifty-day moving average of GBX 211.39, trading as low as GBX 203.60.
• Insider Nigel Hanbury sold 434,552 shares at an average price of GBX 202, totaling approximately £877,795, with insiders selling over 510,000 shares in the past 90 days.
• The company has a market capitalization of £148.80 million and exhibits a very high P/E ratio of 916.30.

Helios Underwriting plc (LON:HUW - ) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 211.39 ($2.84) and traded as low as GBX 203.60 ($2.74). Helios Underwriting shares last traded at GBX 208 ($2.80), with a volume of 25,672 shares.

Helios Underwriting Stock Performance

The firm has a market capitalization of £148.80 million, a P/E ratio of 916.30 and a beta of 0.14. The company's 50 day moving average is GBX 211.39 and its 200-day moving average is GBX 216.82. The company has a quick ratio of 0.81, a current ratio of 0.70 and a debt-to-equity ratio of 42.35.

Insiders Place Their Bets

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

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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