MGIC Investment Stock Hits New 52-Week Low (MTG)

NEW YORK ( TheStreet) -- MGIC Investment Corporation (NYSE: MTG) hit a new 52-week low Tuesday as it is currently trading at $1.57, below its previous 52-week low of $1.59 with 162,453 shares traded as of 9:36 a.m. ET. Average volume has been 8.9 million shares over the past 30 days.

MGIC Investment has a market cap of $376.1 million and is part of the financial sector and insurance industry. Shares are down 84% year to date as of the close of trading on Monday.

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance to the home mortgage lending industry.

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TheStreet Ratings rates MGIC Investment as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full MGIC Investment Ratings Report.

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