PennyMac Mortgage Investment Stock Falls On Unusually High Volume (PMT)

NEW YORK ( TheStreet) -- PennyMac Mortgage Investment (NYSE: PMT) is trading at unusually high volume Tuesday with two million shares changing hands. It is currently at four times its average daily volume and trading down 96 cents (-4.7%) at $19.31 as of 10:35 a.m. ET.

PennyMac Mortgage Investment has a market cap of $621.4 million and is part of the financial sector and real estate industry. Shares are up 22% year to date as of the close of trading on Monday.

PennyMac Mortgage Investment Trust is based in the United States. The company has a P/E ratio of 7.4, below the average real estate industry P/E ratio of 8.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates PennyMac Mortgage Investment as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full PennyMac Mortgage Investment Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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