Onity Group (NYSE:ONIT) Trading Up 0.7% – Here’s Why

Shares of Onity Group (NYSE:ONIT) traded up 0.7% during mid-day trading on Monday . The company traded as high as $30.44 and last traded at $30.44. 34,561 shares changed hands during mid-day trading, an increase of 62% from the average session volume of 21,393 shares. The stock had previously closed at $30.22.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. BTIG Research upgraded Onity Group from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Monday, December 9th. Keefe, Bruyette & Woods boosted their target price on shares of Onity Group from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th.

Onity Group Stock Performance

The stock has a fifty day simple moving average of $31.12. The stock has a market capitalization of $239.53 million, a P/E ratio of 20.16 and a beta of 1.85. The company has a current ratio of 26.46, a quick ratio of 26.46 and a debt-to-equity ratio of 20.28.

Onity Group Company Profile

Onity Group Inc, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. It operates through, Servicing and Originations segments. The company provides commercial forward mortgage loan servicing, reverse mortgage servicing, special servicing, and asset management services for to owners of mortgage loans and foreclosed real estate, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans classified as loans.