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TheStreet Wire

PennyMac Mortgage Investment Stock Hits New 52-Week High (PMT)

By TheStreet Wire 04/25/12 - 12:19 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 Wednesday as it is currently trading at $19.94, above its previous 52-week high of $19.90 with 145,782 shares traded as of 12:53 p.m. ET. Average volume has been 490,300 shares over the past 30 days.

PennyMac Mortgage Investment has a market cap of $611.8 million and is part of the financial sector and real estate industry. Shares are up 19.7% year to date as of the close of trading on Tuesday.

PennyMac Mortgage Investment Trust is based in the United States. The company has a P/E ratio of 8.2, 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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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, solid stock price performance and impressive record of earnings per share growth. 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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