Novation Companies (OTCMKTS:NOVC) Shares Pass Above Fifty Day Moving Average of $0.05
Novation Companies Inc (OTCMKTS:NOVC) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.05 and traded as high as $0.05. Novation Companies shares last traded at $0.05, with a volume of 625 shares.
The firm has a market capitalization of $6.19 million, a P/E ratio of -1.80 and a beta of 0.99. The stock’s 50 day moving average is $0.05 and its two-hundred day moving average is $0.04.
Novation Companies (OTCMKTS:NOVC) last posted its quarterly earnings results on Wednesday, November 13th. The financial services provider reported ($0.01) earnings per share for the quarter. The business had revenue of $15.67 million for the quarter. Novation Companies had a negative return on equity of 3.53% and a negative net margin of 3.11%.
Novation Companies, Inc, through its subsidiary, Healthcare Staffing, Inc, provides outsourced health care staffing and related services primarily to Community Service Boards in Georgia. It also owns a portfolio of mortgage securities. The company was formerly known as NovaStar Financial, Inc and changed its name to Novation Companies, Inc in May 2012.
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