Five Oaks Investment (OAKS) in Focus: Stock Tumbles 7.3% - Tale of the Tape
Five Oaks Investment Corp. ( OAKS ) saw a big move last session, as the company's shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $10.89 to $11.18 in the past one-month time frame.
On Mar 16, the company announced fourth-quarter and full year 2014 results, which might have led to this fall in share price.
Five Oaks Investment has seen a flat track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
OAKS currently has a Zacks Rank #3 (Hold).
Investors interested in the REIT-mortgage trust industry may consider better-ranked stock like Hatteras Financial Corp ( HTS ), which carries a Zacks Rank #1 (Strong Buy).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.