Helios Underwriting (LON:HUW) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Helios Underwriting plc (LON:HUW) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 222.72 ($2.75) and traded as high as GBX 238.56 ($2.95). Helios Underwriting shares last traded at GBX 234 ($2.89), with a volume of 30,285 shares traded.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft upped their price objective on Helios Underwriting from GBX 201 ($2.48) to GBX 239 ($2.95) and gave the company a “buy” rating in a research note on Friday, November 22nd.

Helios Underwriting Stock Performance

The stock has a market capitalization of £168.18 million, a P/E ratio of 1,025.00 and a beta of 0.14. The stock’s 50-day simple moving average is GBX 222.72 and its 200 day simple moving average is GBX 193.92. The company has a debt-to-equity ratio of 42.35, a current ratio of 1.05 and a quick ratio of 0.81.

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.