NMI Holdings Inc (NMIH) Drops 6.3% on January 11

Equities Staff |

NMI Holdings Inc (NMIH) was one of the Russell 2000's biggest losers for Monday January 11 as the stock slid 6.3% to $6.25, a loss of $-0.42 per share. Starting at an opening price of $6.66 a share, the stock traded between $6.25 and $6.66 over the course of the trading day. Volume was 334,863 shares over 2,217 trades, against an average daily volume of 284,314 shares and a total float of 58.74 million.

The losses send NMI Holdings Inc down to a market cap of $367.15 million. In the last year, NMI Holdings Inc has traded between $9.55 and $6.16, and its 50-day SMA is currently $7.15 and 200-day SMA is $7.78.

NMI Holdings Inc through its subsidiaries provides private mortgage guaranty insurance. The Company offers two types of mortgage insurance; Primary mortgage insurance and Pool insurance.

NMI Holdings Inc is based out of Emeryville, CA and has some 225 employees. Its CEO is Bradley M. Shuster.

For a complete fundamental analysis analysis of NMI Holdings Inc, check out Equities.com’s Stock Valuation Analysis report for NMIH. 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.

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