PMI (NYSEAMERICAN:PMI – Get Free Report) passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $7.44 and traded as low as $6.25. PMI shares last traded at $7.23, with a volume of 56,500 shares trading hands.
PMI Stock Performance
The firm’s 50 day simple moving average is $7.44 and its 200 day simple moving average is $26.09.
PMI (NYSEAMERICAN:PMI – Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The company reported ($3.05) earnings per share for the quarter. PMI had a negative return on equity of 825.18% and a negative net margin of 444.83%. The business had revenue of $2.95 million during the quarter. As a group, sell-side analysts predict that PMI will post -8.50 EPS for the current fiscal year.
PMI Company Profile
The PMI Group, Inc. was a mortgage insurance company that provided coverage to mortgage lenders and investors against losses when borrowers defaulted. Its insurance helped borrowers obtain home loans with smaller down payments, while transferring some of the lenders’ credit risk. Based in Walnut Creek, California, the company operated primarily in the U.S. mortgage market through subsidiaries, including PMI Mortgage Insurance Co. The business also had international operations. The company is no longer an active mortgage insurer.
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