MBIA Sets New 1-Year Low at $9.13 (MBI)
Shares of MBIA (NYSE:MBI) reached a new 52-week low on Friday , AnalystRatings.Net reports. The stock traded as low as $9.13 and last traded at $9.15, with a volume of 1,366,178 shares trading hands. The stock had previously closed at $9.47.
Separately, analysts at BTIG Research downgraded shares of MBIA from a “buy” rating to a “neutral” rating in a research note on Monday, June 30th.
The stock has a 50-day moving average of $10.25 and a 200-day moving average of $12.04. The company has a market cap of $1.816 billion and a P/E ratio of 2.98. MBIA also was the target of unusually large options trading on Friday. Investors acquired 2,138 put options on the stock. This is an increase of 158% compared to the typical volume of 828 put options.
MBIA (NYSE:MBI) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.38. The company had revenue of $187.00 million for the quarter, compared to the consensus estimate of $94.20 million. During the same quarter last year, the company posted ($0.92) earnings per share. Analysts expect that MBIA will post $1.11 EPS for the current fiscal year.
MBIA Inc (NYSE:MBI) together with its consolidated subsidiaries, operates the financial guarantee insurance businesses in the industry and is a provider of asset management advisory services.
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