Kingstone Companies (NASDAQ:KINS) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Kingstone Companies, Inc. (NASDAQ:KINS)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.27 and traded as high as $10.21. Kingstone Companies shares last traded at $9.84, with a volume of 161,854 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Kingstone Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. Janney Montgomery Scott started coverage on Kingstone Companies in a report on Tuesday, July 16th. They issued a “buy” rating and a $6.50 price objective for the company.

Kingstone Companies Stock Up 4.2 %

The company has a market cap of $108.83 million, a price-to-earnings ratio of 23.43 and a beta of 0.57. The stock’s 50-day moving average is $9.00 and its 200-day moving average is $6.27. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.62.

Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings results on Monday, August 12th. The insurance provider reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. The business had revenue of $36.50 million during the quarter, compared to analyst estimates of $36.80 million. Kingstone Companies had a net margin of 3.74% and a return on equity of 13.61%. During the same quarter in the previous year, the business posted ($0.06) EPS. On average, analysts anticipate that Kingstone Companies, Inc. will post 1 earnings per share for the current fiscal year.

Institutional Trading of Kingstone Companies

A hedge fund recently raised its stake in Kingstone Companies stock. Dimensional Fund Advisors LP raised its stake in shares of Kingstone Companies, Inc. (NASDAQ:KINS) by 7.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,172 shares of the insurance provider’s stock after purchasing an additional 7,320 shares during the quarter. Dimensional Fund Advisors LP owned 0.99% of Kingstone Companies worth $546,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 14.91% of the stock is currently owned by institutional investors.

Kingstone Companies Company Profile

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.