MoneyGram International, Inc.mgi stock at https://www.webull.com/quote/nasdaq-mgi and its subsidiaries offer money transfer services in the United States and internationally. The company operates in two segments: Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment provides money transfer and bill payment services especially for non-bank users and those who are less secure.
The Financial Paper Products segment offers money transfers to consumers through its agents and financial institutions. and official inspection of outsourcing services for financial institutions. This segment sells its money orders under the MoneyGram brand and through private labels or together with retail brands and financial institutions.
The company also offers digital solutions such as moneygram.com, cellular solutions, deposit accounts, and pavilion-based services. MoneyGram International, Inc. was founded in 1940 and based in Dallas, Texas.
Moneygram International shares traded at $ 1.84 on March 11, 2020, when the coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MGI shares have risen 15.2% and are now trading at $ 2.12. Moneygram International Inc. (NASDAQ: MGI) releases quarterly results on Friday, May 1. Financial service providers reported earnings per share (EPS) of $ 0.05 for the quarter, exceeding analyst consensus estimates of $ 0.06 by $ 0.01. Financial service providers earned $ 290.90 million in the quarter, compared with analyst estimates of $ 286.49 million.
General description of MGI stock
- Returns on Moneygram International Inc.’s equity – a measure of return on equity – better than only 3.04% of US-listed shares.
- With a value of money 0.11, Moneygram International Inc. has a higher ratio of only 5.34% of the stock in our kit.
- MGI stock multipliers – a measure of wealth versus equity – are higher than only 1.29% of US stocks.
- Shares that are quantitatively similar to MGI in terms of their transactions, market capitalization and price volatility are CBB, TGI, GNC, FUN, and INSE.
The main shareholder of Moneygram
Mgistock sees a rate cut in May. As of May 15, there was interest in a total of 3,940,000 shares, a decline of 18.1% from April 30, and a total of 4,810,000 shares. With an average trading volume of 1,650,000 shares, the ratio between day and the cover is currently 2.4 days. At present, 7.8% of the company’s shares are sold short.
Moneygram International shares are owned by several investors and private institutions. The best institutional shareholders include Morgan Stanley (2.80%), Morgan Stanley (2.80%), Beach Point Capital Management LP (2.64%), and Invesco Ltd. (0.56%), Teton Advisors Inc. (0.51%) and Lindbrook Capital LLC (0.42%)). Domestic companies that have shares in Moneygram International include Ripple Labs Inc. and Thomas H. Lee Advisors, Llc. Moneygram International has a market capitalization of $ 134.49 million and annual sales of $ 1.29 billion. Financial service providers generate up to $ 60,300,000.00 net income (earnings) or ($ 0.06) annually based on earnings per share. Moneygram International has 2,252 employees worldwide. You can also check wm stock at https://www.webull.com/quote/nyse-wm .