Financial

News Buzz: MGIC Investment Corporation (NYSE:MTG), SLM Corporation (NASDAQ:SLM)

0 24

MGIC Investment Corporation (NYSE:MTG) initiated the shares trading at $7.02 and showed positive change of +0.44% while the stock’s final trade was registered at $ 6.84. However, its previous closing price was seen at $6.81. The stock negotiated total number of 13.81 million shares as compared to 3 months average volume of 6.84 million shares.

The stock price demonstrated downbeat change from its 50 day moving average of 6.25 and had been down from its 200 Day Moving Average of 6.91.

MGIC Investment Corp.’s (MTG) has price-to-cash ratio of 9.35 and price to sale ratio of 2.27. A look on the firm performance, its monthly performance is 13.81% and a quarterly performance of -8.06%. The stock price is moving up from its 20 days moving average with 12.67% and isolated positively from 50 days moving average with 6.93%.

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. One week ago, shares have been suggested as “BUY” from “3” brokerage firms and recommended as “Strong Buy” by “1” brokerage firms. 0” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “2.17” brokerage firms. “0” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings.

Shares of SLM Corporation (NASDAQ:SLM) climbed +2.39% and ended at $7.27 greater than previous closing price of $7.10. The total 2.07 million shares were bought and sold throughout the most recent trading session less than average volume of 3.82 million shares.

Sallie Mae (SLM), formally SLM Corporation, recently released second-quarter 2016 financial results that include marked growth in portfolio size and net interest income. In the second-quarter 2016, the company’s private education loan portfolio grew 32 percent to $12.2 billion and net interest income raised 26 percent to $213 million, as compared to the year-beforequarter. The firmearned $.12 per diluted share in the quarter and originated $423 million of private education loans.

 

“As we enter the peak season for higher education funding, we are well positioned to provide excellent service to our consumers as a result of the investments we have made in our platform during our first two years as a stand-alone company,” stated Raymond Quinlan, chairman and CEO. “Due to these investments, we continue to raise the efficiency of our operations and improve our efficiency ratio. What is even more gratifying is the continuing success of our consumers and how they are managing their financial responsibilities.”

The average true range of SLM Corporation’s (SLM) is recorded at 0.20 and the relative strength index of the stock stands 69.35. The stock price is going above to its 52 week low with 42.83% and lagging behind from its 52 week high with -27.30%. Analyst recommendation for this stock stands at 2.00. A look on the firm performance, its monthly performance is 15.76% and a quarterly performance of 7.07%. The stock price is trading upbeat from its 200 days moving average with 12.39% and up from 50 days moving average with 11.44%.

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. One week ago, shares have been suggested as “BUY” from “0” brokerage firms and recommended as “Strong Buy” by “1” brokerage firms. 0” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “1.25” brokerage firms. “0” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings.

 

About the author / 

Leave a reply

Your email address will not be published. Required fields are marked *

Advirtisement

About Us

WSnews4investors is the influential source for financial news and Opinion Company with content which delivered over the Internet. WSnews4investors is a dynamic and innovative financial media outlet that empowers investors with high-quality, unique content that is coveted by Wall Street’s traders.

Newsletter