The stock of Ready Capital Corp (NYSE:RC) last traded at $4.96, up 0.20% from the previous session.
RC stock price is now -26.18% away from the 50-day moving average and -35.30% away from the 200-day moving average. The market capitalization of the company currently stands at $809.23M.
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On January 07, 2025, B. Riley Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $12 to quote $10, while ‘BTIG Research’ rates the stock as ‘Neutral’
In other news, NATHAN GILBERT E, Director bought 10,000 shares of the company’s stock on May 24 ’24. The stock was bought for $82,860 at an average price of $8.29. Upon completion of the transaction, the Director now directly owns 95,249 shares in the company, valued at $0.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 22 ’24, Director NATHAN GILBERT E bought 7,000 shares of the business’s stock. A total of $63,832 was incurred on buying the stock at an average price of $9.12. This leaves the insider owning 7,000 shares of the company worth $34720.0. A total of 1.30% of the company’s stock is owned by insiders.
During the past 12 months, Ready Capital Corp has had a low of $4.74 and a high of $9.53.
The net profit margin was -49.74% and return on equity was -19.41% for RC. The company reported revenue of $203.97 million for the quarter, compared to $250.13 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -18.46 percent.
