PHH Stock Gaps Down On Today's Open (PHH)

NEW YORK ( TheStreet) -- Shares of PHH Corporation (NYSE: PHH) were gapping down Tuesday morning with an open price 11.3% lower than Monday's closing price. The stock closed at $10.93 Monday and opened today's trading at $9.70.

The average volume for PHH has been 1.3 million shares per day over the past 30 days. PHH has a market cap of $628.2 million and is part of the financial sector and financial services industry. Shares are up 2.1% year to date as of the close of trading on Monday.

PHH Corporation provides mortgage and fleet management outsourcing services in the United States and Canada. The company has a P/E ratio of 14.5, below the average financial services industry P/E ratio of 15.1 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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