Ocwen Financial Corporation (OCN) had a rough trading day for Wednesday December 12 as shares tumbled 8.14%, or a loss of $-0.14 per share, to close at $1.58. After opening the day at $1.74, shares of Ocwen Financial Corporation traded as high as $1.74 and as low as $1.57. Volume was 1.88 million shares over 5,658 trades, against an average daily volume of 1.48 million shares and a total float of 133.91 million.
As a result of the decline, Ocwen Financial Corporation now has a market cap of $211.58 million. In the last year, shares of Ocwen Financial Corporation have traded between a range of $4.84 and $1.61, and its 50-day SMA is currently $3.13 and 200-day SMA is $3.95.
Ocwen Financial Corp is a financial service company that services and originates loans. Its business segment includes Servicing and Lending. Servicing segment provides residential and commercial mortgage loan servicing, special servicing and asset management services. Lending segment originates and purchases conventional and government-insured residential forward and reverse mortgage loans mainly through correspondent lending arrangements, broker relationships and directly with mortgage customers. The company generates a majority of its revenue from the Servicing segment. Geographically, it generates a majority of its revenue from the United States.
Ocwen Financial Corporation is based out of West Palm Beach, FL and has some 6,400 employees. Its CEO is Glen A. Messina.