Helios Underwriting (LON:HUW) Stock Price Up 8.7% – Time to Buy?

Shares of Helios Underwriting plc (LON:HUW) rose 8.7% during trading on Monday . The company traded as high as GBX 246 ($3.12) and last traded at GBX 238 ($3.02). Approximately 144,517 shares traded hands during trading, an increase of 81% from the average daily volume of 79,928 shares. The stock had previously closed at GBX 219 ($2.78).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised their price target on shares of Helios Underwriting from GBX 201 ($2.55) to GBX 239 ($3.04) and gave the company a “buy” rating in a research note on Friday, November 22nd.

Helios Underwriting Price Performance

The company has a debt-to-equity ratio of 42.35, a current ratio of 1.05 and a quick ratio of 0.81. The stock has a market capitalization of £169.79 million, a price-to-earnings ratio of 952.17 and a beta of 0.14. The stock has a 50 day moving average price of GBX 188.31 and a 200-day moving average price of GBX 179.09.

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.