Finance of America Companies (NYSE:FOA) Shares Down 8.2%

Finance of America Companies Inc. (NYSE:FOA) traded down 8.2% on Tuesday . The company traded as low as $0.51 and last traded at $0.51. 142,631 shares traded hands during trading, an increase of 58% from the average session volume of 90,198 shares. The stock had previously closed at $0.56.

Finance of America Companies Trading Down 8.2 %

The company has a 50 day moving average price of $0.77 and a 200 day moving average price of $0.91. The company has a debt-to-equity ratio of 63.71, a quick ratio of 2.81 and a current ratio of 2.81. The firm has a market cap of $49.67 million, a price-to-earnings ratio of -0.49 and a beta of 0.88.

Finance of America Companies (NYSE:FOA) last posted its earnings results on Wednesday, March 6th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The business had revenue of $275.73 million for the quarter, compared to the consensus estimate of $62.00 million. On average, research analysts expect that Finance of America Companies Inc. will post -0.09 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Finance of America Companies stock. SG Americas Securities LLC acquired a new stake in Finance of America Companies Inc. (NYSE:FOA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,053 shares of the company’s stock, valued at approximately $33,000. Institutional investors own 97.20% of the company’s stock.

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.