DALLAS, June 10, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring PMI Group Inc. (NYSE:PMI). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at:
PMI Group Inc. (PMI) through its subsidiary PMI Mortgage Insurance Co. (MIC), and its affiliated companies (collectively PMI), provides residential mortgage insurance in the United States. Mortgage insurance provides loss protection to mortgage lenders and investors in the event of borrower default. By protecting lenders and investors from credit losses, PMI helps to ensure that mortgages are available to prospective U.S. homebuyers.
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In the report, the analyst notes:
"Shares of PMI spiked almost 12% to close Thursday at $1.16, a day after the stock hit a new 52-week low of $1.01. PMI has so far reached a 52-week high of $4.68. About 8.09 million shares have traded hands during the session, versus the 10-day average volume of 4.52 million."
"PMI has posted a net loss of $126.8 million, or $(0.79) per share, for the first quarter of 2011, narrowing the year-ago quarter loss of $157.0 million, or $(1.90) per share. Loss before income taxes came in at $126.4 million in the first quarter, against the prior year's figure of $246.0 million."
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