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NewStar Financial (NASDAQ:NEWS) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Friday. They currently have a $8.80 target price on the stock. Zacks‘s price objective suggests a potential downside of 18.67% from the company’s current price.

Shares of NewStar Financial (NASDAQ:NEWS) traded up 2.75% during mid-day trading on Friday, hitting $10.82. The stock had a trading volume of 38,915 shares. NewStar Financial has a 52-week low of $10.20 and a 52-week high of $19.83. The stock’s 50-day moving average is $12.77 and its 200-day moving average is $13.49. The company has a market cap of $522.6 million and a price-to-earnings ratio of 32.80.

NewStar Financial (NASDAQ:NEWS) last announced its earnings results on Wednesday, August 6th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.13 by $0.16. Analysts expect that NewStar Financial will post $0.42 EPS for the current fiscal year.

NewStar Financial, Inc (NASDAQ:NEWS) is a specialized commercial finance company.

To view Zacks’ full report, visit Zacks’ official website.

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