PennyMac Mortgage Investment Trust of Beneficial Interest (PMT) Soars 1.32% on November 27

Equities Staff  |

PennyMac Mortgage Investment Trust of Beneficial Interest (PMT) had a good day on the market for Friday November 27 as shares jumped 1.32% to close at $17.62. About 279,614 shares traded hands on 2,378 trades for the day, compared with an average daily volume of n/a shares out of a total float of 98.79 million. After opening the trading day at $17.43, shares of PennyMac Mortgage Investment Trust of Beneficial Interest stayed within a range of $17.66 to $17.35.

With today's gains, PennyMac Mortgage Investment Trust of Beneficial Interest now has a market cap of $1.74 billion. Shares of PennyMac Mortgage Investment Trust of Beneficial Interest have been trading within a range of $23.80 and $3.50 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The company's operations include activities such as production and servicing of financial securities based on residential loans and pooling and reselling of high-credit-quality mortgages. The company operates through four segments: correspondent production, credit-sensitive strategies, interest-rate-sensitive strategies, and corporate activities. The correspondent production segment, which generates income via purchasing, pooling, and reselling of loans or mortgage-backed securities accounts for roughly half of the company's income.

PennyMac Mortgage Investment Trust of Beneficial Interest is based out of Westlake Village, CA and has some 1 employees. Its CEO is David A. Spector.

For a complete fundamental analysis of PennyMac Mortgage Investment Trust of Beneficial Interest, check out Equities.com’s Stock Valuation Analysis report for PMT.

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PennyMac Mortgage Investment Trust of Beneficial Interest is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on PennyMac Mortgage Investment Trust of Beneficial Interest and to follow the company’s latest updates, you can visit the company’s profile page here: PMT’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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