Moneygram International Inc. (MGI) Plunges 14.65% on November 01

Equities Staff  |

Moneygram International Inc. (MGI) had a rough trading day for Friday November 01 as shares tumbled 14.65%, or a loss of $-0.58 per share, to close at $3.38. After opening the day at $3.50, shares of Moneygram International Inc. traded as high as $3.55 and as low as $3.05. Volume was 3.51 million shares over 13,158 trades, against an average daily volume of n/a shares and a total float of 62.05 million.

As a result of the decline, Moneygram International Inc. now has a market cap of $209.73 million. In the last year, shares of Moneygram International Inc. have traded between a range of $6.70 and $1.33, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

For a complete fundamental analysis of Moneygram International Inc., check out Equities.com’s Stock Valuation Analysis report for MGI.

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MoneyGram International Inc offers products and services under its two reporting segments; Global Funds Transfer, which is the core revenue generator, and Financial Paper Products. The Global Funds Transfer segment provides global money transfer services and bill payment services to consumers. It primarily offers services through third-party agents, including retail chains, independent retailers, post offices and other financial institutions. The company also offer Digital solutions such as moneygram.com, mobile solutions, account deposit and kiosk-based services. The Financial Paper Products segment provides official check outsourcing services and money orders through financial institutions and agent locations. The group operates in the United States and other countries.

Moneygram International Inc. is based out of Dallas, TX and has some 2,436 employees. Its CEO is W. Alexander Holmes.

Moneygram International Inc. is a component of the Russell 2000. 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.

To get more information on Moneygram International Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: MGI’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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