Kingstone Companies (NASDAQ:KINS) Announces Earnings Results

Kingstone Companies (NASDAQ:KINS) posted its earnings results on Tuesday. The insurance provider reported $0.50 EPS for the quarter, meeting analysts’ consensus estimates of $0.50, Zacks reports. Kingstone Companies had a net margin of 10.60% and a return on equity of 37.53%. The firm had revenue of $40.77 million for the quarter, compared to the consensus estimate of $41.80 million. During the same period last year, the firm posted ($0.27) EPS.

Kingstone Companies Price Performance

Kingstone Companies stock traded down $0.97 during mid-day trading on Thursday, reaching $10.95. The company had a trading volume of 171,190 shares, compared to its average volume of 81,427. The stock’s 50-day simple moving average is $9.76 and its 200-day simple moving average is $7.29. The company has a market capitalization of $121.11 million, a P/E ratio of 8.45 and a beta of 0.55. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.37 and a quick ratio of 0.37. Kingstone Companies has a 1 year low of $1.95 and a 1 year high of $12.81.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Kingstone Companies from a “buy” rating to a “hold” rating in a report on Tuesday.

About Kingstone Companies

Kingstone Companies, Inc, through its subsidiary, provides property and casualty insurance products to individuals in the United States. It offers personal line of insurance products, such as homeowners and dwelling fire, cooperative/condominiums, renters, and personal umbrella policies. The company also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies.