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 $10.08, below its previous 52-week low of $10.09 with 422,642 shares traded as of 12:06 p.m. ET. Average volume has been 654,900 shares over the past 30 days. Redwood has a market cap of $823.1 million and is part of the financial sector and real estate industry. Shares are down 31.3% 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 19.7, below the average real estate industry P/E ratio of 20.1 and above the S&P 500 P/E ratio of 17.7.
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