Essent Group Ltd (NYSE:ESNT) traded today at a new 52-week low of $53.08. This new low was reached on below average trading volume as 98,000 shares traded hands, while the average 30-day volume is approximately 392,000 shares.
Essent Group Ltd share prices have moved between a 52-week high of $55.84 and a 52-week low of $31.08 and are now trading 71% above that low price at $53.12 per share. The 200-day and 50-day moving averages have moved 0.42% higher and 0.81% higher over the past week, respectively.
Essent Group Ltd. operates as a holding company. The Company, through its subsidiaries, provides mortgage insurance and reinsurance coverage products and services on residential property loans for United States real estate.
Essent Group Ltd has overhead space with shares priced $53.12, or 11.3% below the average consensus analyst price target of $59.86. The stock should discover initial support at its 50-day moving average (MA) of $51.96 and subsequent support at its 200-day MA of $48.15.
NetworkNewsWire is monitoring the Thrifts & Mortgage Finance Industry for any potential shift so investors can protect gains.
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