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Newcastle Investment Corp. (NYSE:NCT) shares reached a new 52-week low during trading on Thursday , AnalystRatingsNetwork reports. The stock traded as low as $4.33 and last traded at $4.37, with a volume of 4,620,947 shares changing hands. The stock had previously closed at $4.38.

The stock’s 50-day moving average is $4.66 and its 200-day moving average is $4.69. The company has a market cap of $1.540 billion and a P/E ratio of 16.04.

Newcastle Investment Corp. (NYSE:NCT) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.09 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.10 by $0.01. The company had revenue of $29.90 million for the quarter, compared to the consensus estimate of $47.32 million. During the same quarter last year, the company posted $0.16 earnings per share. Newcastle Investment Corp.’s revenue was down 52.4% compared to the same quarter last year.

Newcastle Investment Corp. (NYSE:NCT) is a real estate investment and finance company.

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