Kingsway Financial Services (NYSE:KFS) Shares Cross Above 200 Day Moving Average – Time to Sell?

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.21 and traded as high as $8.47. Kingsway Financial Services shares last traded at $8.42, with a volume of 89,457 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com downgraded Kingsway Financial Services from a “hold” rating to a “sell” rating in a research report on Friday, June 14th.

Kingsway Financial Services Stock Performance

The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.80. The company’s fifty day moving average price is $8.03 and its two-hundred day moving average price is $8.21.

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

Institutional Trading of Kingsway Financial Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Swedbank AB bought a new stake in Kingsway Financial Services during the 1st quarter worth about $2,085,000. Annandale Capital LLC grew its stake in shares of Kingsway Financial Services by 2.6% during the second quarter. Annandale Capital LLC now owns 128,200 shares of the insurance provider’s stock valued at $1,056,000 after purchasing an additional 3,200 shares during the last quarter. Vanguard Group Inc. raised its position in Kingsway Financial Services by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 487,353 shares of the insurance provider’s stock worth $4,065,000 after purchasing an additional 14,981 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Kingsway Financial Services by 193.0% during the 1st 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 in the last quarter. Finally, Belpointe Asset Management LLC increased its stake in shares of Kingsway Financial Services by 0.9% in the 2nd quarter. Belpointe Asset Management LLC now owns 413,593 shares of the insurance provider’s stock valued at $3,408,000 after buying an additional 3,644 shares during the period. 72.38% of the stock is currently owned by institutional investors and hedge funds.

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.