Two Harbors Investments Corps in-depth stock price analysis indicates that the stock price has rallied 7.46% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 1.13% . Looking at the past 52 week period, the stock price is up at 22.67% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Two Harbors Investments Corp has a positive value of 9.82 compared to overall market. Two Harbors Investments Corp (NYSE:TWO) has climbed 1.94% in the past week and advanced 1.36% in the last 4 weeks. The company has outperformed the S&P 500 by 1.12% in the past week but underperformed the index by 0.45% in the last 4 weeks.
Two Harbors Investments Corp (NYSE:TWO) : On Friday heightened volatility was witnessed in Two Harbors Investments Corp (NYSE:TWO) which led to swings in the share price. The stock opened for trading at $8.89 and hit $8.95 on the upside , eventually ending the session at $8.93, with a gain of 0.34% or 0.03 points. The heightened volatility saw the trading volume jump to 1,097,188 shares. The 52-week high of the share price is $9.175 and the company has a market cap of $3,105 million. The 52-week low of the share price is at $7 .
Two Harbors Investment Corp Last issued its quarterly earnings results on Feb 6, 2017. The company reported $0.24 EPS for the quarter. Analyst had a consensus estimate of $0.24. The company had revenue of $112.87 million for the quarter, compared to analysts expectations of $105.20 million. The companys revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.
Company has reported several Insider transactions to the SEC, on Feb 7, 2017, Brad Farrell (CFO and Treasurer) sold 15,937 shares at 8.81 per share price.On Feb 7, 2017, Rebecca B Sandberg (General Counsel and Secretary) sold 6,015 shares at 8.81 per share price.On Feb 7, 2017, Mary Kathryn Riskey (Chief Accounting Officer) sold 1,517 shares at 8.81 per share price.
Two Harbors Investment Corp is a Real Estate Investment Trust that focuses on investing in, financing and managing residential mortgage-backed securities and mortgage loans. Its objective is to provide risk-adjusted returns to investors through dividends and capital appreciation. Two Harbors intends to acquire and manage a portfolio of mortgage-backed securities, focusing on security selection and the relative value of various sectors within the mortgage market. As an investment strategy, the company expects to deploy moderate borrowings through, with respect to Agency RMBS, short-term borrowings structured as repurchase agreements and, with respect to non-Agency RMBS and residential mortgage loans, private funding sources. It may also finance portions of its portfolio through non-recourse term borrowing facilities and equity financing under the Legacy Loan Program and Term Asset-Backed Securities Lending Facility (TALF), if such financing becomes available.