Amtrust Financial Services Makes a Move: Down 1.6%

Published on Mon, 08/17/2015 - 12:30
By Mallory Stone in Market movers, AFSI, amtrust financial services, market movers, nasdaq:afsi

Amtrust Financial Services (NASDAQ:AFSI) is one of today's notable stocks in decline, down 0.5% to $62.95. The S&P is trading fractionally higher to 2,096 and the Dow is trading fractionally higher to 17,506.

In the past 52 weeks, Amtrust Financial Services share prices have been bracketed by a low of $38.25 and a high of $71.87 and are now at $62.95, 65% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.5%.

AmTrust Financial Services, Inc. offers insurance coverage. The Company offers property/casualty, workers' compensation, special risk, and warranty insurance, and extended service plans. The Company operates in the United States and the European Union, and reinsures risk worldwide.

There is potential upside of 13.1% for shares of Amtrust Financial Services based on a current price of $62.95 and an average consensus analyst price target of $71.20. The stock should find resistance at its 50-day moving average (MA) of $65.23, as well as support at its 200-day MA of $57.81.

By Mallory Stone
mstone@fnno.com

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