Sagen MI Canada (TSE:MIC) Shares Pass Above 200-Day Moving Average – Here’s Why

Sagen MI Canada Inc. (TSE:MICGet Free Report)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.00 and traded as high as C$43.50. Sagen MI Canada shares last traded at C$43.48, with a volume of 723,454 shares changing hands.

Sagen MI Canada Price Performance

The company has a debt-to-equity ratio of 18.46, a quick ratio of 0.25 and a current ratio of 0.32. The company’s 50-day moving average price is C$43.48. The stock has a market cap of C$3.75 billion and a PE ratio of 8.61.

Sagen MI Canada Company Profile

(Get Free Report)

Sagen MI Canada Inc, through its subsidiaries, operates as a private residential mortgage insurer in Canada. It provides mortgage default insurance to residential mortgage homebuyers, lenders, brokers, and realtors. The company was formerly known as Genworth MI Canada Inc and changed its name to Sagen MI Canada Inc in February 2021.

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