Boston, MA 06/10/2013 (wallstreetpr) – The share prices of Kingsway Financial Services Inc. (USA) (NYSE:KFS) had surged by 15.06 percent to close at $3.82 per share for the end of last trading session on Friday. The shares of the company had been trading in the range of $3.33 to $3.91 per share during the day. The shares of Kingsway Financial Services Inc. (USA) (NYSE:KFS) had recorded 52 week low price level of $1.74 per share and 52 week high price level of $4.48 per share.
Results of shareholders meeting
Kingsway Financial Services Inc. (USA) (NYSE:KFS) is primarily engaged in providing the property and casualty insurance services to its customers. The company operates its business through two major segments namely the Insurance Underwriting segment and the Insurance Services segments. In the recently held shareholders meeting of Kingsway Financial Services Inc. (USA) (NYSE:KFS), the company had announced the election of all nominated members to the board of directors of the company.
Further, the shareholders at the meeting had also ratified the appointment of BDO USA LLP as the independent registered public accounting firm of Kingsway Financial Services Inc. (USA) (NYSE:KFS). The 2013 Equity Incentive Plan and the Option Exchange program of the company were also approved at the shareholders meeting.
In addition, an amendment made to the Articles of Incorporation of the company had been approved which thereby gives the authorization to Kingsway Financial Services Inc. (USA) (NYSE:KFS) to issue unlimited number of preference shares. The share prices of the financial services institution had been surging in the recent days.
The company had witnessed the trade of 37,189 shares on the trading of Friday, while the average trading volume of Kingsway Financial Services Inc. (USA) (NYSE:KFS) is at 7,984 shares per day. The company presently holds 13.15 million shares outstanding in the market with an institutional ownership of 122 percent of its holdings.
