NEW YORK (
) is trading at unusually high volume Friday with five million shares changing hands. It is currently at four times its average daily volume and trading down $2.60 (-15%) at $14.74 as of 3 p.m. ET.
Lender Processing Services has a market cap of $1.47 billion and is part of the
industry. Shares are down 41% year to date as of the close of trading on Thursday.
Lender Processing Services, Inc. provides integrated technology and outsourced services to the mortgage lending industry in the United States. The company operates through two segments, Technology, Data, and Analytics; and Loan Transaction Services. The company has a P/E ratio of 7.4, below the average diversified services industry P/E ratio of 8.1 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Lender Processing Services as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and generally poor debt management. You can view the full
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