NEW YORK ( TheStreet) -- Redwood (NYSE: RWT) hit a new 52-week low Friday as it is currently trading at $10.08, below its previous 52-week low of $10.09 with 422,642 shares traded as of 12:06 p.m. ET. Average volume has been 654,900 shares over the past 30 days.

Redwood has a market cap of $823.1 million and is part of the financial sector and real estate industry. Shares are down 31.3% 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 19.7, below the average real estate industry P/E ratio of 20.1 and above 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, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Redwood Ratings Report.

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