NewStar Financial Inc. Reaches New 12-Month High at $18.19 (NEWS)
NewStar Financial (NASDAQ:NEWS) set a new 52-week high during mid-day trading on Wednesday, StockRatingsNetwork.com reports. The stock traded as high as $18.19 and last traded at $16.98, with a volume of 109,378 shares. The stock had previously closed at $15.72.
NEWS has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of NewStar Financial (NASDAQ:NEWS) from $13.00 to $14.50 in a research note to investors on Thursday, August 8th. They now have a “market perform” rating on the stock. Analysts at TheStreet upgraded shares of NewStar Financial (NASDAQ:NEWS) from a “hold” rating to a “buy” rating in a research note to investors on Friday, July 12th.
NewStar Financial has a 52-week low of $10.83 and a 52-week high of $16.14. The stock’s 50-day moving average is $14.5 and its 200-day moving average is $13.44. The company has a market cap of $863.3 million and a price-to-earnings ratio of 34.93.
NewStar Financial (NASDAQ:NEWS) last released its earnings data on Wednesday, August 7th. The company reported $0.11 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.12 by $0.01. On average, analysts predict that NewStar Financial will post $0.50 earnings per share for the current fiscal year.
NewStar Financial, Inc (NASDAQ:NEWS) is a specialized commercial finance company.
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