Finance of America Companies (NYSE:FOA) Sees Unusually-High Trading Volume

Shares of Finance of America Companies Inc. (NYSE:FOA) saw strong trading volume on Wednesday . 41,939 shares traded hands during trading, an increase of 133% from the previous session’s volume of 17,989 shares.The stock last traded at $7.11 and had previously closed at $7.24.

Finance of America Companies Trading Down 1.4 %

The stock has a market cap of $705.50 million, a P/E ratio of -5.98 and a beta of 1.04. The company has a debt-to-equity ratio of 71.55, a quick ratio of 2.84 and a current ratio of 2.83. The stock’s fifty day moving average is $6.43 and its 200 day moving average is $6.85.

Finance of America Companies (NYSE:FOA) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.15. The company had revenue of $79.04 million during the quarter, compared to the consensus estimate of $66.00 million. During the same period in the previous year, the business earned ($0.15) earnings per share. As a group, equities research analysts predict that Finance of America Companies Inc. will post -0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Finance of America Companies

Large investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Finance of America Companies during the second quarter valued at $43,000. AQR Capital Management LLC bought a new position in Finance of America Companies during the 2nd quarter worth about $41,000. Finally, Renaissance Technologies LLC increased its position in Finance of America Companies by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 112,500 shares of the company’s stock valued at $55,000 after purchasing an additional 3,000 shares during the period. 97.20% of the stock is owned by hedge funds and other institutional investors.

About Finance of America Companies

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.