PennyMac Mortgage Investment Trust (PMT) Might Be Poised For A Short Term Move

PennyMac Mortgage Investment Trust (PMT) has seen some recent action in the stock market and its common shares closed trading at $9.32 yesterday. Investors are starting to take notice of PMT as the common shares traded as high as $9.35 and as low as $7.91 in the previous market trading day.

PennyMac Mortgage Investment Trust (PMT) average trading volume is 2.43M. However, in the previous market trading day PennyMac Mortgage Investment Trust (PMT) traded 1,855,734 shares. The 1st downside support level on PMT is $7.03 and the 1st upside resistance level on PMT is $23.23. PMT 50day moving average is $9.90 and PMT two hundred day moving average is $18.51.

PennyMac Mortgage Investment Trust (PMT) most recent performance has been shown by the recent movement in PMT common shares. PMT has performed -6.05% over the past 4 weeks, PMT has performed -60.22% over the past quarter and PMT has shown -55.36% over the past 365 days. PennyMac Mortgage Investment Trust (PMT) has a 1 year range of $3.50 to $23.79. PennyMac Mortgage Investment Trust (PMT) is trading 166.29% from its 1 year low and -60.82% from its 1 year high. PennyMac Mortgage Investment Trust (PMT) is displaying a 4.12% short float displaying the sum short in the float.

PMT has 101.41M shares outstanding and 98.78M shares in the float. PennyMac Mortgage Investment Trust (PMT) at this time has a market cap of $945.14M and income of $200.90M. The EPS next quarter for PMT is 0.53 and projected EPS net year is 236.78%. The market cap of PennyMac Mortgage Investment Trust (PMT) at $945.14M signifies how many Investors own shares of PMT and is calculated off the last price ($9.32) of PMT and the sum of shares outstanding (101.41M) with PennyMac Mortgage Investment Trust (PMT).

PennyMac Mortgage Investment Trust (PMT) has aggregate cash (mrq) of 306.37M, aggregate cash per share (mrq) of 3.05, aggregate debt of PMT stands at 9.17B and aggregate debt/equity (mrq) is 374.21. PennyMac Mortgage Investment Trust (PMT) running cash flow (ttm) is -2.99B.

PMT is trading -6.93% below (bearish) its SMA20, -15.59% below (bearish) its SMA50 and -52.61% below (bearish) its SMA200.

Recent News:

In recent news, on May 7, 2020, PennyMac Mortgage Investment Trust Reports First Quarter 2020 Results. In this news it was stated, PennyMac Mortgage Investment Trust (NYSE: PMT) today reported a net loss attributable to common shareholders of $600.9 million, or $5.99 per common share for the first quarter of 2020, on net investment losses of $506.5 million. PMT previously announced a cash dividend for the first quarter of 2020 of $0.25 per common share of beneficial interest, which was declared on March 25, 2020 and paid on April 30, 2020 to common shareholders of record as of April 15, 2020. First Quarter 2020 Highlights