Kingsway Financial Services (NYSE:KFS) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.31 and traded as high as $9.39. Kingsway Financial Services shares last traded at $8.93, with a volume of 44,104 shares trading hands.

Kingsway Financial Services Stock Up 0.7 %

The firm has a fifty day moving average of $8.56 and a 200 day moving average of $8.32. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.41 and a quick ratio of 0.41.

Institutional Trading of Kingsway Financial Services

Several large investors have recently added to or reduced their stakes in KFS. BNP Paribas Financial Markets raised its stake in Kingsway Financial Services by 36.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,526 shares of the insurance provider’s stock worth $54,000 after acquiring an additional 1,742 shares during the period. Rhumbline Advisers boosted its holdings in Kingsway Financial Services by 25.8% in the 2nd quarter. Rhumbline Advisers now owns 12,352 shares of the insurance provider’s stock worth $102,000 after buying an additional 2,534 shares during the period. DHK Financial Advisors Inc. purchased a new stake in Kingsway Financial Services in the 2nd quarter worth $303,000. Bank of New York Mellon Corp raised its holdings in Kingsway Financial Services by 21.9% during the second quarter. Bank of New York Mellon Corp now owns 37,793 shares of the insurance provider’s stock valued at $311,000 after acquiring an additional 6,778 shares during the period. Finally, Annandale Capital LLC lifted its position in shares of Kingsway Financial Services by 2.6% in the second quarter. Annandale Capital LLC now owns 128,200 shares of the insurance provider’s stock valued at $1,056,000 after acquiring an additional 3,200 shares in the last quarter. 72.38% of the stock is currently owned by institutional investors.

Kingsway Financial Services Company Profile

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.