Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Shares of Newcastle Investment Corporation (NYSE: NCT) were gapping down Thursday morning upon completion of the New Residential Investment Corp spin-off under new NYSE ticker NRZ. Shareholders of record on May 6 were issued one share of NRZ for ear share of NCT owned.
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