NEW YORK ( TheStreet) -- Redwood (NYSE: RWT) hit a new 52-week low Friday as it is currently trading at $11.41, below its previous 52-week low of $11.42 with 167,404 shares traded as of 12:16 p.m. ET. Average volume has been 731,800 shares over the past 30 days.

Redwood has a market cap of $909.8 million and is part of the financial sector and real estate industry. Shares are down 22.4% 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 15.2, equal to the average real estate industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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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, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Redwood Ratings Report.

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