PHH Co.’s (NYSE:PHH) Quiet Period Set To End on February 5th

PHH’s (NYSE:PHH) quiet period is set to expire on Wednesday, February 5th. PHH had issued 1,200,000 shares in its public offering on December 27th. The total size of the offering was $4,800,000 based on an initial share price of $4.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

PHH Price Performance

NYSE PHH traded down $0.41 during mid-day trading on Friday, reaching $5.70. 44,508 shares of the company’s stock traded hands, compared to its average volume of 93,188. The company has a fifty day simple moving average of $8.41 and a 200-day simple moving average of $10.10. PHH has a 1-year low of $3.70 and a 1-year high of $6.90.

PHH Company Profile

PHH Corporation, through its PHH Mortgage Corporation, operates as a sub servicer of residential mortgages in the United States. The company operates through two segments, Mortgage Production and Mortgage Servicing. It provides servicing and portfolio retention solutions to investors of mortgage servicing rights, financial and wealth management institutions, regional and community banks, and credit unions.