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Newcastle Investment (NCT) Looks Good: Stock Rises by 5%

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Newcastle Investment Corp. was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $4.07 to $4.60 in the past one-month time frame, showed a pick-up yesterday at $4.37.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Newcastle Investment carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the same industry is AG Mortgage Investment Trust, Inc. , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank  stocks here.

Is NCT going up? Or down? Predict to see what others think: Up or Down

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