MGIC Investment Corp. (MTG) was among the biggest gainers on the Russell 2000 for Friday February 12 as the stock popped 5.38% to $6.76, representing a gain of $0.345 per share. Some 3.94 million shares traded hands on 16,778 trades, compared with an average daily volume of 5.68 million shares out of a total float of 339.66 million. The stock opened at $6.51 and traded with an intraday range of $6.76 to $6.48.
After today's gains, MGIC Investment Corp. reached a market cap of $2.29 billion. MGIC Investment Corp. has had a trading range between $11.72 and $5.63 over the last year, and it had a 50-day SMA of $7.94 and a 200-day SMA of $9.78.
The stock has a P/E Ratio of 2.4.
MGIC Investment Corp through its wholly-owned subsidiaries is engaged in providing private mortgage insurance and ancillary services.
MGIC Investment Corp. is based out of Milwaukee, WI and has some 800 employees. Its CEO is Patrick Sinks.
For a complete fundamental analysis analysis of MGIC Investment Corp., check out Equities.com’s Stock Valuation Analysis report for MTG. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.
The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.
All data provided by QuoteMedia and was accurate as of 4:30PM ET.