NEW YORK (

TheStreet

) --

Ocwen Financial Corporation

(NYSE:

OCN

) hit a new 52-week high Tuesday as it is currently trading at $13.69, above its previous 52-week high of $13.68 with 402,937 shares traded as of 2:20 p.m. ET. Average volume has been 942,000 shares over the past 30 days.

Ocwen Financial has a market cap of $1.3 billion and is part of the

financial

sector and

banking

industry. Shares are up 42.6% year to date as of the close of trading on Monday.

Ocwen Financial Corporation, through its subsidiaries, provides residential and commercial mortgage loan servicing, special servicing, and asset management services. The company operates in two segments, Ocwen Asset Management and Ocwen Solutions. The company has a P/E ratio of 31.7, above the average banking industry P/E ratio of 28.9 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Ocwen Financial as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Ocwen Financial Ratings Report

.

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52-week high stocks

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