Moneygram International (MGI) Sees Strong Trading Volume
Shares of Moneygram International Inc (NASDAQ:MGI) saw unusually-high trading volume on Thursday . Approximately 21,588,985 shares were traded during mid-day trading, an increase of 334% from the previous session’s volume of 4,979,949 shares.The stock last traded at $12.16 and had previously closed at $12.16.
Several analysts recently issued reports on MGI shares. ValuEngine upgraded shares of Moneygram International from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. Zacks Investment Research downgraded shares of Moneygram International from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. BidaskClub downgraded shares of Moneygram International from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. Finally, JPMorgan Chase & Co. downgraded shares of Moneygram International from a “neutral” rating to an “underweight” rating in a report on Tuesday, December 12th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $16.21.
The stock has a market cap of $657.28, a PE ratio of 27.07 and a beta of 1.92. The company has a debt-to-equity ratio of -2.47, a quick ratio of 0.05 and a current ratio of 0.05.
Moneygram International Company Profile
MoneyGram International, Inc (MoneyGram) is a global provider of money transfer services. The Company operates through two segments: Global Funds Transfer and Financial Paper Products. The Company offers its services under the MoneyGram brand. The Company’s Global Funds Transfer Segment provides money transfer services and bill payment services primarily to unbanked and underbanked consumers.
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