PennyMac Mortgage Investment Rises On Unusually High Volume (PMT)
NEW YORK (
) --
(NYSE:
) is trading at unusually high volume Wednesday with 882,506 shares changing hands. It is currently at 4.2 times its average daily volume and trading up $1.17 (+6.6%) at $18.98 as of 1:30 p.m. ET.
PennyMac Mortgage Investment has a market cap of $494.2 million and is part of the
sector and
industry. Shares are up 7.2% 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 8.3, below the average real estate industry P/E ratio of 8.4 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates PennyMac Mortgage Investment as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full
PennyMac Mortgage Investment Ratings Report
.
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