Maiden Holdings, Ltd. ($MHLD) 3Q20 Earnings Sneak Preview

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Maiden Holdings, Ltd. (NASDAQ:MHLD) is reporting third quarter financial results on Friday 13th November 2020, after market close.

Previous Quarter Performance

Maiden Holdings, Ltd. recorded income for the second quarter of $ 0.01 per share, from the revenue of $ 44.74 million. The consensus estimates are $ 402.69 million in revenue The top line results fell short of analysts by $ 357.95 million or 88.89 percent.

Stock Performance

Shares of Maiden Holdings, Ltd. traded up $ 0.02 or 1.57 percent on Thursday, reaching $ 1.29 with volume of 50.40 thousand shares. Maiden Holdings, Ltd. has traded high as $ 1.30 and has cracked $ 1.27 on the downward trend

According to the previous trading day, closing price of $ 1.29, representing a 234.21 % increase from the 52 week low of $ 0.38 and a 25.29 % decrease over the 52 week high of $ 1.70.

The company has a market capital of $ 111.30 million and is part of the Financial Services sector and Insurance – Reinsurance industry.

Maiden Holdings, Ltd., through its subsidiaries, provides property and casualty reinsurance solutions to regional and specialty insurers primarily in Europe and internationally. The company writes treaties on a quota share basis and excess of loss basis. It also offers auto and credit life insurance products through its insurer partners to retail clients.