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TheStreet Wire

PennyMac Mortgage Investment Reaches New 52-Week High (PMT)

By TheStreet Wire 04/17/12 - 01:45 PM EDT

Find out if (PMT) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- PennyMac Mortgage Investment (NYSE:PMT) hit a new 52-week high Tuesday as it is currently trading at $19.25, above its previous 52-week high of $19.23 with 134,351 shares traded as of 12:19 p.m. ET. Average volume has been 475,900 shares over the past 30 days.

PennyMac Mortgage Investment has a market cap of $556.1 million and is part of the financial sector and real estate industry. Shares are up 15.6% year to date as of the close of trading on Monday.

PennyMac Mortgage Investment Trust is based in the United States. The company has a P/E ratio of 7.9, above the average real estate industry P/E ratio of 7.7 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates PennyMac Mortgage Investment as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full PennyMac Mortgage Investment Ratings Report.

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