Kingstone bounces after 4-day selloff

Kingstone Companies

21/03/2018 15:36

** Kingstone Companies  KINS.O  shares up 5.57 pct at $16.68
    ** Earlier, KINS rose by 7.3 pct to a high of $16.95
    ** Stock on track for first gain in five sessions, had
dropped 24.9 pct over prior four as investors braced for
potential losses from a snow storm in Northeast  urn:newsml:reuters.com:*:nL1N1R210C
    ** KINS remains below both its 50 and 200-DMAs. Stock closed
below 50-DMA on Mar 15 and 200-DMA on Mar 17
    ** Up to the previous session's close, the stock had fallen
by 9.2 pct YTD
    ** Kingstone Companies Inc has outperformed the S&P 500
Insurance sector  .SPXIN  by 22.3 pct in the last month. In the
same period it has fallen short of the broader NASDAQ Composite
Index  .IXIC  by 23.0 pct
    ** About 49.1k shares of the Kingston, New York-based co
have traded so far today, about 96.1 pct of their 30-DMA (51.0k
shares of volume)
    ** Among the 3 analysts that cover KINS, the current average
rating on the shares is "buy"; the breakdown of recommendations
is 3 "strong buy" or "buy"
    ** The analyst median PT $22.00. KINS currently below this
target by 24.2 pct
    ** At yesterday's close the 12-month forward
price-to-earnings ratio for Kingstone Companies Inc was 13.62,
or 19.8 pct higher than it was at the end of last year (11.37)



 ((charles.mikolajczak@tr.com; @ChuckMik; +1 646 223 5234;
Reuters Messaging:
charles.mikolajczak.thomsonreuters.com@reuters.net))