MBIA (NYSE:MBI) Shares Pass Below 200-Day Moving Average – Should You Sell?

MBIA, Inc. (NYSE:MBI)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.28 and traded as low as $6.26. MBIA shares last traded at $6.3150, with a volume of 340,579 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MBIA in a report on Tuesday, April 21st. Keefe, Bruyette & Woods dropped their price objective on shares of MBIA from $8.50 to $7.50 and set an “outperform” rating on the stock in a report on Thursday, March 19th. Finally, Wall Street Zen raised shares of MBIA from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $7.50.

MBIA Price Performance

The stock has a market capitalization of $318.59 million, a PE ratio of -2.02 and a beta of 1.62. The stock’s fifty day moving average is $6.18 and its 200-day moving average is $6.27.

MBIA (NYSE:MBI) last released its quarterly earnings data on Thursday, May 7th. The insurance provider reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The business had revenue of $24.00 million for the quarter, compared to the consensus estimate of $5.80 million. On average, analysts forecast that MBIA, Inc. will post -0.29 EPS for the current year.

Institutional Trading of MBIA

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP acquired a new stake in MBIA in the 3rd quarter valued at $37,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of MBIA in the third quarter valued at approximately $77,000. AQR Capital Management LLC purchased a new position in MBIA in the 4th quarter valued at $83,000. State of Wyoming acquired a new stake in MBIA during the 2nd quarter worth $101,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in MBIA during the 4th quarter worth $113,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

About MBIA

MBIA Inc is a financial guarantee insurance company specializing in credit enhancement and risk mitigation solutions for public finance and structured finance transactions. The company provides guaranty insurance for municipal bonds, asset-backed securities and other credit-sensitive obligations, protecting investors against the risk of payment default. Through its core insurance subsidiary, MBIA Insurance Corp., the firm offers financial guarantees, reinsurance support and customized credit solutions designed to improve the marketability and pricing of debt instruments.

Founded in 1973 as the Municipal Bond Insurance Association, MBIA built its reputation by insuring U.S.