StockNews.com started coverage on shares of Hallmark Financial Services (NASDAQ:HALL – Get Rating) in a report released on Wednesday morning. The firm issued a hold rating on the insurance provider’s stock.
Shares of Hallmark Financial Services stock opened at $2.47 on Wednesday. The company has a fifty day simple moving average of $3.01 and a 200-day simple moving average of $3.71. Hallmark Financial Services has a 12-month low of $2.31 and a 12-month high of $5.70. The stock has a market cap of $44.93 million, a price-to-earnings ratio of -15.13 and a beta of 1.24. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.62.
Hallmark Financial Services (NASDAQ:HALL – Get Rating) last issued its quarterly earnings data on Thursday, May 12th. The insurance provider reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.28). Hallmark Financial Services had a negative net margin of 0.74% and a negative return on equity of 3.62%. The business had revenue of $84.64 million during the quarter, compared to analyst estimates of $97.47 million. On average, analysts forecast that Hallmark Financial Services will post -0.55 earnings per share for the current fiscal year.
About Hallmark Financial Services (Get Rating)
Hallmark Financial Services, Inc underwrites, markets, distributes, and services property/casualty insurance products to businesses and individuals in the United States. The company operates through Specialty Commercial, Standard Commercial, and Personal segments. The Specialty Commercial segment offers primary and excess commercial vehicle insurance products and services; primary and excess liability, excess public entity liability, and E&S package and garage liability insurance products and services; primary and excess commercial property insurance for catastrophe and non-catastrophe exposures; healthcare and financial lines professional liability insurance products and services primarily for businesses, medical professionals, medical facilities, and senior care facilities; and satellite launch property/casualty insurance products and services, as well as various specialty programs.
- Get a free copy of the StockNews.com research report on Hallmark Financial Services (HALL)
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