Shares of PMI Group (NYSE:PMI) were gapping down Monday morning with an open price 26.7% lower than Friday's closing price. The stock closed at 30 cents yesterday and opened today's trading at 22 cents.
NEW YORK ( TheStreet) -- Shares of PMI Group (NYSE: PMI) were gapping down Monday morning with an open price 26.7% lower than Friday's closing price. The stock closed at 30 cents Friday and opened today's trading at 22 cents. The average volume for PMI Group has been 6.6 million shares per day over the past 30 days. PMI Group has a market cap of $55.1 million and is part of the financial sector and insurance industry. Shares are down 91% year to date as of the close of trading on Friday. The PMI Group, Inc., through its subsidiary, PMI Mortgage Insurance Co., provides residential mortgage insurance products to mortgage lenders and investors in the United States. TheStreet Ratings rates PMI Group as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and generally disappointing historical performance in the stock itself. You can view the full PMI Group Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.