Kingsway Financial Services (NYSE:KFS) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.28 and traded as high as $9.08. Kingsway Financial Services shares last traded at $8.95, with a volume of 11,821 shares traded.

Kingsway Financial Services Trading Down 1.3 %

The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.80. The business has a fifty day moving average of $8.40 and a 200-day moving average of $8.29.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last announced its quarterly earnings data on Tuesday, August 6th. The insurance provider reported ($0.09) EPS for the quarter. Kingsway Financial Services had a negative net margin of 7.45% and a negative return on equity of 24.54%. The company had revenue of $26.45 million for the quarter.

Institutional Investors Weigh In On Kingsway Financial Services

A number of large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in shares of Kingsway Financial Services by 193.0% in the first quarter. BNP Paribas Financial Markets now owns 9,679 shares of the insurance provider’s stock worth $81,000 after buying an additional 6,376 shares during the period. Rhumbline Advisers raised its position in Kingsway Financial Services by 25.8% during the second quarter. Rhumbline Advisers now owns 12,352 shares of the insurance provider’s stock valued at $102,000 after acquiring an additional 2,534 shares in the last quarter. DHK Financial Advisors Inc. bought a new position in shares of Kingsway Financial Services during the 2nd quarter valued at $303,000. Bank of New York Mellon Corp raised its holdings in Kingsway Financial Services by 21.9% during the second quarter. Bank of New York Mellon Corp now owns 37,793 shares of the insurance provider’s stock valued at $311,000 after buying an additional 6,778 shares in the last quarter. Finally, Annandale Capital LLC lifted its holdings in Kingsway Financial Services by 2.6% in the 2nd quarter. Annandale Capital LLC now owns 128,200 shares of the insurance provider’s stock worth $1,056,000 after purchasing an additional 3,200 shares during the last quarter. Institutional investors and hedge funds own 72.38% of the company’s stock.

About Kingsway Financial Services

Kingsway Financial Services Inc, through its subsidiaries, engages in the extended warranty and business services in the United States. The company operates through two segments, Extended Warranty and Kingsway Search Xcelerator. The Extended Warranty segment markets, sells, and administers vehicle service agreements and related products for new and used automobiles, motorcycles, and ATVs.