Assured Guaranty Stock Gaps Up On Today's Open (AGO)
Shares of Assured Guaranty (NYSE:AGO) were gapping up Thursday morning with an open price 10.9% higher than Wednesday's closing price. The stock closed at $9.70 yesterday and opened today's trading at $10.76.
NEW YORK ( TheStreet) -- Shares of Assured Guaranty (NYSE: AGO) were gapping up Thursday morning with an open price 10.9% higher than Wednesday's closing price. The stock closed at $9.70 Wednesday and opened today's trading at $10.76. The average volume for Assured Guaranty has been 2.1 million shares per day over the past 30 days. Assured Guaranty has a market cap of $1.7 billion and is part of the financial sector and insurance industry. Shares are down 45.2% year to date as of the close of trading on Wednesday. Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. The company has a P/E ratio of 2.6, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Assured Guaranty as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Assured Guaranty Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.