NEW YORK (
) -- Shares of
) were gapping down Wednesday morning with an open price 11.9% lower than Tuesday's closing price. The stock closed at $11.87 Tuesday and opened today's trading at $10.46.
The average volume for NewStar Financial has been 56,800 shares per day over the past 30 days. NewStar Financial has a market cap of $585.4 million and is part of the
industry. Shares are up 16.7% year to date as of the close of trading on Tuesday.
NewStar Financial, Inc. operates as a commercial finance company in the United States. It focuses on meeting the financing needs of companies and private investors in the middle market. The company has a P/E ratio of 44, equal to the average financial services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates NewStar Financial as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and generally poor debt management. You can view the full
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