Maiden Holdings North America (NYSE:MHNC) Shares Climb 0.8% – Here’s What Happened

Maiden Holdings North America, Ltd. (NYSE:MHNC) rose 0.8% during trading on Wednesday. The company traded as high as $10.50 and last traded at $10.3570. 4,632 shares were traded during trading, an increase of 2% from the average session volume of 4,546 shares. The stock had previously closed at $10.27.

Maiden Holdings North America Trading Down 0.2%

The company has a 50 day simple moving average of $11.30 and a 200-day simple moving average of $12.08.

Maiden Holdings North America, Ltd. is a finance and insurance-related subsidiary of Maiden Holdings, Ltd., a Bermuda-based specialty reinsurance group. The company is primarily known as an issuer of debt securities used to support the Maiden group’s corporate financing activities rather than as a standalone operating insurer.

Maiden Holdings has historically provided property and casualty reinsurance and related risk-management solutions to insurance companies, including quota-share and excess-of-loss arrangements.