PHH Stock Hits New 52-Week Low (PHH)

NEW YORK ( TheStreet) -- PHH Corporation (NYSE: PHH) hit a new 52-week low Thursday as it is currently trading at $11.65, below its previous 52-week low of $12.83 with 912,730 shares traded as of 10:55 a.m. ET. Average volume has been 961,900 shares over the past 30 days.

PHH has a market cap of $785.4 million and is part of the financial sector and financial services industry. Shares are down 43.8% year to date as of the close of trading on Wednesday.

PHH Corporation provides mortgage and fleet management outsourcing services in the United States and Canada. The company has a P/E ratio of 17.5, below the average financial services industry P/E ratio of 18.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates PHH as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, unimpressive growth in net income, generally weak debt management, weak operating cash flow and feeble growth in its earnings per share. You can view the full PHH Ratings Report.

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