Finance of America Companies (NYSE:FOA) Trading Down 3%

Finance of America Companies Inc. (NYSE:FOA) shares were down 3% during mid-day trading on Wednesday . The stock traded as low as $0.53 and last traded at $0.55. Approximately 146,361 shares were traded during mid-day trading, an increase of 33% from the average daily volume of 109,698 shares. The stock had previously closed at $0.57.

Finance of America Companies Stock Performance

The stock has a market capitalization of $52.70 million, a P/E ratio of -0.44 and a beta of 1.06. The company has a 50 day simple moving average of $0.61 and a 200-day simple moving average of $0.80. The company has a debt-to-equity ratio of 69.71, a current ratio of 2.84 and a quick ratio of 2.84.

Finance of America Companies (NYSE:FOA) last issued its earnings results on Monday, May 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. The firm had revenue of $74.68 million during the quarter, compared to the consensus estimate of $59.00 million. On average, equities analysts forecast that Finance of America Companies Inc. will post -0.04 EPS for the current year.

Finance of America Companies Company Profile

Finance of America Companies Inc a financial service holding company, through its subsidiaries, engages in the operation of a retirement solutions platform in the United States. It operates through two segments: Retirement Solutions and Portfolio Management. The Retirement Solutions segment engages in the loan origination activities comprising home equity conversion, proprietary reverse, and hybrid mortgage loans for senior homeowners.