NEW YORK ( TheStreet) -- Redwood (NYSE: RWT) hit a new 52-week low Friday as it is currently trading at $13.06, below its previous 52-week low of $13.49 with 271,435 shares traded as of 10:11 a.m. ET. Average volume has been 479,200 shares over the past 30 days.

Redwood has a market cap of $1.1 billion and is part of the financial sector and real estate industry. Shares are down 9.1% year to date as of the close of trading on Thursday.

Redwood Trust, Inc., a financial institution, together with its subsidiaries, invests in, finances, and manages residential and commercial real estate loans and securities. The company has a P/E ratio of 14.2, equal to the average real estate industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
  • Practice your RWT trading strategies and win cash in our stock game.

TheStreet Ratings rates Redwood as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, weak operating cash flow, disappointing return on equity and generally disappointing historical performance in the stock itself. You can view the full Redwood Ratings Report.

See all 52-week low stocks or get investment ideas from our investment research center.
null

If you liked this article you might like

Avoid the 'REIT Rout' -- These 5 REITs Are Breaking Out Now

3 Hold-Rated Dividend Stocks: EFC, RWT, HTGC

What To Hold: 3 Hold-Rated Dividend Stocks ABDC, RWT, MMLP

What To Hold: 3 Hold-Rated Dividend Stocks CPLP, AINV, RWT

3 Hold-Rated Dividend Stocks: NSH, WHF, RWT