MBIA (NYSE:MBI - Get Free Report) is projected to post its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect MBIA to post earnings of ($0.31) per share and revenue of $28.70 million for the quarter. Investors that wish to register for the company's conference call can do so using this link.
MBIA Trading Down 1.4 %
Shares of NYSE:MBI traded down $0.10 during midday trading on Friday, reaching $6.82. 453,921 shares of the company were exchanged, compared to its average volume of 375,658. The stock has a market cap of $347.77 million, a PE ratio of -0.60 and a beta of 1.62. The business's fifty day moving average is $6.50 and its two-hundred day moving average is $5.15. MBIA has a one year low of $3.22 and a one year high of $7.46.
Analyst Ratings Changes
MBI has been the subject of several research reports. StockNews.com downgraded shares of MBIA from a "hold" rating to a "sell" rating in a report on Wednesday, January 8th. Keefe, Bruyette & Woods raised MBIA from a "market perform" rating to an "outperform" rating and increased their price target for the company from $6.50 to $9.00 in a research note on Monday, November 18th.
View Our Latest Analysis on MBIA
Insider Activity at MBIA
In related news, Director Theodore Shasta sold 9,570 shares of MBIA stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $6.74, for a total value of $64,501.80. Following the completion of the transaction, the director now owns 61,794 shares in the company, valued at approximately $416,491.56. This trade represents a 13.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 12.58% of the stock is owned by insiders.
MBIA Company Profile
(
Get Free Report)
MBIA Inc provides financial guarantee insurance services to public finance markets in the United States. It operates United States (U.S.) Public Finance Insurance, and International and Structured Finance Insurance segments. The company issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness of the U.S.
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