Tiptree Financial Downgraded to “Sell” at TheStreet (TIPT)
The analysts wrote, “Tiptree Financial (TIPT) has been downgraded by TheStreet Ratings from hold to sell. The company’s weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, generally high debt management risk, disappointing return on equity and poor profit margins.”
Tiptree Financial (NASDAQ:TIPT) traded up 4.32% during mid-day trading on Tuesday, hitting $7.73. The stock had a trading volume of 68,343 shares. Tiptree Financial has a one year low of $5.00 and a one year high of $13.98. The stock has a 50-day moving average of $9. and a 200-day moving average of $8.30. The company has a market cap of $82.1 million and a P/E ratio of 8.99.
Tiptree Financial Inc, formerly Care Investment Trust Inc, is a holding company. The Company, through its operating subsidiary, Tiptree Operating Company, LLC, focuses on four sectors of financial services: insurance and insurance services, real estate, asset management and specialty finance (NASDAQ:TIPT).
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