PHH Corp. (PHH) Drops 7.28% on January 19

Equities Staff |

PHH Corp. (PHH) was one of the Russell 2000's biggest losers for Tuesday January 19 as the stock slid 7.28% to $11.97, a loss of $-0.94 per share. Starting at an opening price of $13.06 a share, the stock traded between $11.87 and $13.06 over the course of the trading day. Volume was 466,773 shares over 4,294 trades, against an average daily volume of 681,916 shares and a total float of 59.85 million.

The losses send PHH Corp. down to a market cap of $716.4 million. In the last year, PHH Corp. has traded between $27.83 and $12.34, and its 50-day SMA is currently $15.66 and 200-day SMA is $20.06.

PHH Corp along with its subsidiaries is engaged in providing end to end mortgage solutions. It offers mortgage loan origination services & sells mortgage loans, & provides servicing activities for originated & purchased loans and acts as a sub-servicer.

PHH Corp. is based out of Mount Laurel, NJ and has some 4,100 employees. Its CEO is Glen A. Messina.

For a complete fundamental analysis analysis of PHH Corp., check out Equities.com’s Stock Valuation Analysis report for PHH. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

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.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

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



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