Helios Underwriting (LON:HUW) Stock Price Down 12.2% – Here’s What Happened

Helios Underwriting plc (LON:HUW) dropped 12.2% during mid-day trading on Monday . The stock traded as low as GBX 195 ($2.38) and last traded at GBX 196.70 ($2.40). Approximately 118,744 shares traded hands during trading, an increase of 106% from the average daily volume of 57,538 shares. The stock had previously closed at GBX 224 ($2.73).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft increased their target price on shares of Helios Underwriting from GBX 201 ($2.45) to GBX 239 ($2.92) and gave the stock a “buy” rating in a research note on Friday, November 22nd.

Helios Underwriting Stock Performance

The company’s fifty day simple moving average is GBX 224.87 and its two-hundred day simple moving average is GBX 195.13. The stock has a market cap of £138.39 million, a price-to-earnings ratio of 843.39 and a beta of 0.14. The company has a debt-to-equity ratio of 42.35, a current ratio of 1.05 and a quick ratio of 0.81.

About Helios Underwriting

Helios Underwriting plc, together with its subsidiaries, provides a limited liability investment for its shareholders in the Lloyd's insurance market in the United Kingdom. It operates through Syndicate Participation and Investment Management segments. The company participates in the Lloyd's insurance market through a portfolio of Lloyd's syndicates.