Maiden (NASDAQ:MHLD) posted its earnings results on Thursday. The insurance provider reported ($2.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($2.54), Fidelity Earnings reports. Maiden had a negative return on equity of 58.17% and a negative net margin of 14.78%.
NASDAQ:MHLD opened at $0.62 on Friday. Maiden has a 1 year low of $0.61 and a 1 year high of $9.10. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10.
Separately, B. Riley dropped their target price on Maiden from $2.50 to $1.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $4.50.
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Maiden Company Profile
Maiden Holdings, Ltd., through its subsidiaries, provides reinsurance solutions to regional and specialty insurers in the United States, Europe, and internationally. It operates in two segments, Diversified Reinsurance and AmTrust Reinsurance. The Diversified Reinsurance segment offers property and casualty reinsurance, including the writing of treaties on a quota share or excess of loss basis; and facultative risks, which are marketed through third-party intermediaries and on a direct basis.
Further Reading: Ex-Dividend
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