Walter Investment Management Corp. Hits New 52-Week Low at $27.50 (WAC)
Shares of Walter Investment Management Corp. (NYSE:WAC) reached a new 52-week low on Tuesday , American Banking & Market News reports. The company traded as low as $27.50 and last traded at $28.01, with a volume of 881,535 shares traded. The stock had previously closed at $28.63.
Several analysts have recently commented on the stock. Analysts at Ned Davis Research downgraded shares of Walter Investment Management Corp. from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Walter Investment Management Corp. presently has a consensus rating of “Hold” and a consensus target price of $44.10.
The stock has a 50-day moving average of $32.02 and a 200-day moving average of $36.87. The company has a market cap of $1.030 billion and a price-to-earnings ratio of 5.11.
Walter Investment Management Corp., together with its subsidiaries, is a fee-based business services provider to the residential mortgage industry.
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