CYS Investments (CYS) has risen sharply, recording gains of 6.97% in the past 4 weeks. However, the stock has corrected -1.09% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.88% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.82% and the 50-Day Moving Average is 6.49%. CYS Investments (NYSE:CYS): On Fridays trading session , Opening price of the stock was $9.05 with an intraday high of $9.13. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.04. However, the stock managed to close at $9.05, a loss of 0.11% for the day. On the previous day, the stock had closed at $9.06. The total traded volume of the day was 807,405 shares.
The company Insiders own 1.1% of CYS Investments shares according to the proxy statements. Institutional Investors own 64.16% of CYS Investments shares. During last six month period, the net percent change held by insiders has seen a change of -13.77%. Also, Major Brokerage house, Nomura maintains its ratings on CYS Investments (NYSE:CYS). In the latest research report, Nomura raises the target price from $8.5 per share to $9 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on July 29, 2016.
CYS Investments, Inc. is a specialty finance company. The Company invests in agency residential mortgage-backed security (Agency RMBS) collateralized by fixed rate single-family residential mortgage loans (primarily 10, 15, 20 or 30 years), and adjustable-rate mortgages (ARMs), which have coupon rates that reset monthly, or hybrid ARMs, which have a coupon rate that is fixed for an initial period (three, five, seven or 10 years). It invests principally in Agency RMBS, which are residential mortgage pass-through securities, the principal and interest of which are guaranteed by Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac) or Government National Mortgage Association (Ginnie Mae). In addition to Agency RMBS, the Company invests in the United States Treasuries.