Redwood Trust (NYSE:RWT) Downgraded by Zacks Investment Research to Hold

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Redwood Trust stock has undergone multiple analysts rating changes in the recent past.  Redwood Trust Downgraded by Zacks Investment Research on 6/30/2020. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of Redwood Trust traded up $0.13 on Tuesday, reaching $7.04. 1200581 shares of the stock traded hands, compared to its average volume of 4957291. Shares of Redwood Trust at mid-way on Tuesday were at $7.04. The firm’s 50 day moving average is $5.33 and its 200 day moving average is $12.34.Redwood Trust  has a 12 month low of $6.78 and a 12 month high of $18.01. While on yearly highs and lows, Redwood Trust’s today has traded high as $7.09 and has touched $6.78 on the downward trend. See More Analyst Rating at: RATING

Redwood Trust Earnings and What to expect: 

Earnings for Redwood Trust are expected to decrease by -15.84% in the coming year, from $1.01 to $0.85 per share. The P/E ratio of Redwood Trust is -0.96, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Redwood Trust is -0.96, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Redwood Trust has a P/B Ratio of 0.43. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 2.50%
  • On 5/15/2020 Director Fred Matera Buy 13,000 at average share price of $3.80 which equates to $49,400.00 in money value.
  • On 12/20/2019 General Counsel Andrew P Stone Sell 15,000 at average price of  $16.62 with total value of : Not Data Available
  • On 3/6/2019 Director Mariann H Byerwalter Sell 9,778 at average price of  $15.81 with total value of : $154,590.18

Analyst at Zacks Investment Research are also talking about :

  • 6/26/2020 – Redwood Trust had its price target raised by analysts at Piper Sandler from $5.50 to $7.50. They now have a “neutral” rating on the stock.
  • 6/12/2020 – Redwood Trust had its price target raised by analysts at Raymond James from $7.00 to $8.00. They now have an “outperform” rating on the stock.
  • 6/9/2020 – Redwood Trust was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. They now have a $9.75 price target on the stock.
  • 6/8/2020 – Redwood Trust had its price target raised by analysts at Credit Suisse Group AG from $6.50 to $8.00. They now have an “outperform” rating on the stock.

Redwood Trust (NYSE:RWT) Moving Average Technical Analysis

5 day Moving Average is $6.78 And 5 day price change is $0.08 (1.15%)  with average volume for 5 day average is 2,383,956. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $6.95 and 20 day price change is $1.57 (28.86%) and average 20 day moving volume is 4,710,584. 50 day moving average is $5.33  and 50 day price change is $3.68 ( 110.51%)  and with average volume for 50 days is : 4,767,505. 200 day moving average is $12.34  and 200 day price change is -$9.71 (-58.07%)  and with average volume for 200 days is : 2,841,838.

See More Analyst Rating at: RATING