Amtrust Financial Services Shares Sinking Lower, Down 1.5%

Published on Thu, 02/14/2013 - 13:21
By Mallory Stone in Market movers, AFSI, amtrust financial services, market movers, nasdaq:afsi

One of today's notable stocks in decline is Amtrust Financial Services (NASDAQ:AFSI), down 1.5% to $34.25. The Dow Jones Industrial Average is now trading fractionally lower to 13,967 and the S&P is trading fractionally higher to 1,520.

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.

Amtrust Financial Services share prices have moved between a 52-week high of $35.12 and a 52-week low of $23.14 and are now trading 48% above that low price at $34.25 per share. The 200-day and 50-day moving averages have moved 0.56% higher and 1.20% higher over the past week, respectively.

Amtrust Financial Services (NASDAQ:AFSI) is currently priced 6.6% above its average consensus analyst price target of $31.99. The stock should discover initial support at its 50-day moving average (MA) of $30.88 and subsequent support at its 200-day MA of $27.45.

By Mallory Stone
mstone@fnno.com

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