Ocwen Financial (OCN) Receiving Somewhat Positive News Coverage, Report Shows
Media stories about Ocwen Financial (NYSE:OCN) have been trending somewhat positive on Friday, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ocwen Financial earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 44.8954489737664 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Ocwen Financial (OCN) opened at $3.10 on Friday. The firm has a market capitalization of $405.66, a P/E ratio of -4.13 and a beta of 1.54. Ocwen Financial has a fifty-two week low of $2.12 and a fifty-two week high of $5.98. The company has a debt-to-equity ratio of 9.82, a current ratio of 5.07 and a quick ratio of 5.07.
Separately, ValuEngine upgraded Ocwen Financial from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $3.33.
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Ocwen Financial Company Profile
Ocwen Financial Corporation is a financial services holding company. The Company, through its subsidiaries, originates and services loans. The Company’s segments include Servicing, Lending, and Corporate Items and Other. The Company’s Servicing segment consists of its residential servicing business. The Company’s Lending segment is focused on originating and purchasing conventional and government-insured residential forward and reverse mortgage loans.
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