NI (NASDAQ:NODK) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

NI Holdings, Inc. (NASDAQ:NODKGet Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.67 and traded as low as $15.01. NI shares last traded at $15.28, with a volume of 11,100 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NODK shares. Wall Street Zen raised NI from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of NI in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

View Our Latest Stock Report on NODK

NI Stock Performance

The business’s 50 day moving average price is $15.67 and its 200-day moving average price is $14.20. The firm has a market cap of $311.86 million, a price-to-earnings ratio of 40.21 and a beta of 0.35.

NI (NASDAQ:NODKGet Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.01 EPS for the quarter. The business had revenue of $70.23 million during the quarter. NI had a return on equity of 3.18% and a net margin of 2.93%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. increased its holdings in shares of NI by 158.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,083 shares of the company’s stock valued at $55,000 after acquiring an additional 2,505 shares during the last quarter. Wells Fargo & Company MN lifted its stake in NI by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 7,677 shares of the company’s stock worth $102,000 after purchasing an additional 2,426 shares during the last quarter. AQR Capital Management LLC acquired a new position in NI in the first quarter worth $143,000. Barclays PLC increased its stake in NI by 11.9% during the fourth quarter. Barclays PLC now owns 12,749 shares of the company’s stock valued at $170,000 after purchasing an additional 1,359 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in NI during the second quarter valued at $270,000. Institutional investors own 21.89% of the company’s stock.

NI Company Profile

(Get Free Report)

NI Holdings, Inc underwrites property and casualty insurance products in the United States. Its products include private passenger auto, non-standard automobile, homeowners, farm owners, crop hail and multi-peril crop, and liability insurance policies. The company was founded in 1946 and is headquartered in Fargo, North Dakota. NI Holdings, Inc operates as a subsidiary of Nodak Mutual Group, Inc

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