Stock price performance of PennyMac Mortgage Investment Trust is analyzed for various periods using several stock trading signals. In this case, The stock price has rallied 3.48% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 10.28% . Looking at the past 52 week period, the stock price is up at 44.36% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of PennyMac Mortgage Investment Trust has a positive value of 20.02 compared to overall market. Company shares have received an average consensus rating of Hold for the current week The stock has recorded a 20-day Moving Average of 1.58% and the 50-Day Moving Average is 4.66%.The 200 Day SMA reached 15.9%
PennyMac Mortgage Investment Trust is having a Relative Strength Index of 45.14 which indicates the stock is not yet over sold or over bought based on the technical indicators. PennyMac Mortgage Investment Trust (NYSE:PMT) has tumbled 2.86% during the past week and has dropped 0.66% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.98%. PennyMac Mortgage Investment Trust (NYSE:PMT) has underperformed the index by 1.54% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Company has reported several Insider transactions to the SEC, on Jan 3, 2017, Vandad Fartaj (Chief Investment Officer) sold 1,196 shares at 16.38 per share price.On Dec 15, 2016, Jeffrey Grogin (CALO and Secretary) sold 4,513 shares at 16.31 per share price.On Sep 23, 2016, Scott W. Carnahan (director) purchased 3,341 shares at 15.22 per share price.
PennyMac Mortgage Investment Trust Last issued its quarterly earnings results on Feb 2, 2017. The company reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.40. The company had revenue of $68.90 million for the quarter, compared to analysts expectations of $82.74 million. The companys revenue was up 36.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.
PennyMac Mortgage Investment Trust (NYSE:PMT) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.45 points or 2.63% at $16.63 with 1,662,320 shares getting traded. Post opening the session at $17.29, the shares hit an intraday low of $16.4 and an intraday high of $17.36 and the price was in this range throughout the day. The company has a market cap of $1,109 million and the number of outstanding shares has been calculated to be 66,697,285 shares. The 52-week high of PennyMac Mortgage Investment Trust (NYSE:PMT) is $17.38 and the 52-week low is $10.91.
PennyMac Mortgage Investment Trust is a real estate investment trust. The Company operates as a specialty finance company that will invest primarily in residential mortgage loans and mortgage-related assets. The company seeks to acquire primarily troubled home mortgage loans and mortgage-backed securities from FDIC liquidations of failed banks, US Treasury Legacy Loans Program auctions, and direct acquisitions from mortgage and insurance companies and foreign banks. The Companys objective is to provide risk-adjusted returns to its investors over the long-term, primarily through dividends and secondarily through capital appreciation. The Company focuses on investing in mortgage loans, a substantial portion of which may be distressed and acquired at discounts to their unpaid principal balances. PennyMac is managed by investment adviser PNMAC Capital Management and offers primary and special loan servicing through PennyMac Loan Services.