Shares of PMI (NYSEAMERICAN:PMI – Get Free Report) crossed 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.
PMI Stock Down 7.9%
The stock’s fifty day moving average price is $7.44 and its 200 day moving average price is $26.09.
PMI (NYSEAMERICAN:PMI – Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The company reported ($3.05) earnings per share for the quarter. PMI had a negative net margin of 444.83% and a negative return on equity of 825.18%. The company had revenue of $2.95 million for the quarter. On average, equities research analysts expect that PMI will post -8.50 earnings per share 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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