NEW YORK ( TheStreet) -- Maiden Holdings (Nasdaq: MHLD) hit a new 52-week high Tuesday as it is currently trading at $9.78, above its previous 52-week high of $9.76 with 38,451 shares traded as of 10:16 a.m. ET. Average volume has been 376,900 shares over the past 30 days.

Maiden has a market cap of $700.2 million and is part of the financial sector and insurance industry. Shares are up 23.5% year to date as of the close of trading on Monday.

Maiden Holdings Ltd., through its subsidiaries, provides non-catastrophe inland marine and property coverage reinsurance solutions to the regional and specialty insurers in the United States and Europe. The company offers property, casualty, accident, and health reinsurance products. The company has a P/E ratio of 9.2, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Maiden as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Maiden Ratings Report.

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