NEW YORK (
) -- Shares of
) were gapping down Friday morning with an open price 10.5% lower than Thursday's closing price. The stock closed at $7.65 Thursday and opened today's trading at $6.85.
The average volume for MBIA has been 3.5 million shares per day over the past 30 days. MBIA has a market cap of $1.3 billion and is part of the
industry. Shares are down 42.5% year to date as of the close of trading on Thursday.
MBIA Inc., together with its subsidiaries, provides financial guarantee insurance and related reinsurance, advisory, and portfolio services, as well as investment management services to public finance and structured finance markets.
TheStreet Ratings rates MBIA as a
. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, unimpressive growth in net income, generally weak debt management, disappointing return on equity and weak operating cash flow. You can view the full
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