NEW YORK (
) hit a new 52-week low Thursday as it is currently trading at $8.73, below its previous 52-week low of $8.75 with 5.5 million shares traded as of 3:26 p.m. ET. Average volume has been 3.9 million shares over the past 30 days.
Two Harbors Investment has a market cap of $1.4 billion and is part of the
industry. Shares are down 4.5% year to date as of the close of trading on Wednesday.
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS) and related investments. The company has a P/E ratio of 6.7, above the average real estate industry P/E ratio of 6.3 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Two Harbors Investment as a
. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and generally weak debt management. You can view the full
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