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

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

Finance of America Companies Price Performance

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

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

Institutional Investors Weigh In On Finance of America Companies

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