Redwood Stock Hits New 52-Week Low (RWT)
NEW YORK (TheStreet) -- Redwood (NYSE:RWT) hit a new 52-week low Friday as it is currently trading at $13.06, below its previous 52-week low of $13.49 with 271,435 shares traded as of 10:11 a.m. ET. Average volume has been 479,200 shares over the past 30 days. Redwood has a market cap of $1.1 billion and is part of the financial sector and real estate industry. Shares are down 9.1% year to date as of the close of trading on Thursday. Redwood Trust, Inc., a financial institution, together with its subsidiaries, invests in, finances, and manages residential and commercial real estate loans and securities. The company has a P/E ratio of 14.2, equal to the average real estate industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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