Ocwen Financial Stock Falls On Unusually High Volume (OCN) - TheStreet

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

.

NEW YORK (

TheStreet

) --

Ocwen Financial Corporation

(NYSE:

OCN

) is trading at unusually high volume Friday with 7.5 million shares changing hands. It is currently at 3.1 times its average daily volume and trading down $1.25 (-2.9%) at $41.22 as of 4 p.m. ET.

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Ocwen Financial has a market cap of $5.69 billion and is part of the financial sector and banking industry. Shares are up 22.8% year to date as of the close of trading on Thursday.

Ocwen Financial Corporation, through its subsidiaries, engages in the servicing and origination of mortgage loans in the United States and internationally. The company has a P/E ratio of 30.9, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates

Ocwen Financial

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 the growth in the company's net income has been quite unimpressive. You can view the full

Ocwen Financial Ratings Report

.

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