NYSE:KWYInsurance
Kingsway (KWY) Stock Climbs On Profit Relief Despite Debt And Rich P S
Kingsway stock jumped 12.8% to US$10.24 after the Q2 print, a sharp move for a company that has spent years wrestling with losses. The headline this time is margin and profit relief. Consolidated net income flipped to a US$0.2 million profit from a loss a year ago, while adjusted earnings before interest, tax, depreciation and amortisation reached US$5.2 million. That is the story traders are chasing today.
For investors thinking beyond a single quarter, the question is how this early profit...