PMI Group and RadioShack Hit 52-Week Lows
Today, PMI Group (NYSE: PMI) and RadioShack (NYSE: RSH) fell to new 52-week lows of $1.18 and $13.27 per share, respectively.
PMI Group was just initiated with a Negative rating at Susquehanna. The company has a market cap of $194.7 million and is one of the largest providers of mortgage insurance in the United States.
The company has reported quarterly losses since 2007, and short interest is 18.6% of the float. Shares are down 63.3% year to date, underperforming the surety and title insurance industry average as well as the broader markets.
RadioShack was initiated as Underweight at Barclays today. The company has a market cap of $1.4 billion and is a leading consumer electronics retail chain with some 4,700 stores in the United States and Mexico.
The dividend yield is 1.9% and the return on equity is 20.7%. The company has a P/E ratio of 8.1, compared to the S&P 500 P/E ratio of 17.7. It also has a PEG ratio of 0.9. Shares are down 28.1% year to date, underperforming big-box competitor Best Buy (NYSE: BBY) and the electronics stores industry average.
