Stock Traders Buy High Volume of Put Options on Moneygram International (MGI)
Moneygram International Inc (NASDAQ:MGI) saw unusually large options trading on Thursday. Investors acquired 1,840 put options on the company. This is an increase of approximately 2,090% compared to the average daily volume of 84 put options.
MGI has been the subject of a number of analyst reports. Zacks Investment Research cut Moneygram International from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. BidaskClub cut Moneygram International from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. JPMorgan Chase & Co. cut Moneygram International from a “neutral” rating to an “underweight” rating in a research report on Tuesday, December 12th. Finally, ValuEngine raised Moneygram International from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Moneygram International currently has a consensus rating of “Hold” and an average target price of $16.21.
Shares of Moneygram International (NASDAQ:MGI) opened at $12.65 on Friday. Moneygram International has a 12-month low of $11.26 and a 12-month high of $17.92. The firm has a market capitalization of $686.03, a PE ratio of 28.11 and a beta of 1.92. The company has a debt-to-equity ratio of -2.47, a current ratio of 0.05 and a quick ratio of 0.05.
About Moneygram International
MoneyGram International, Inc (MoneyGram) is a global provider of money transfer services. The Company operates through two segments: Global Funds Transfer and Financial Paper Products. The Company offers its services under the MoneyGram brand. The Company’s Global Funds Transfer Segment provides money transfer services and bill payment services primarily to unbanked and underbanked consumers.
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