PHH (NYSE:PHH) Stock Crosses Above 200-Day Moving Average – Here’s Why

PHH Co. (NYSE:PHHGet Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.04 and traded as high as $13.98. PHH shares last traded at $13.48, with a volume of 541,213 shares changing hands.

PHH Price Performance

The company’s fifty day moving average price is $6.42 and its 200 day moving average price is $9.02.

PHH Company Profile

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PHH Corporation, through its PHH Mortgage Corporation, operates as a sub servicer of residential mortgages in the United States. The company operates through two segments, Mortgage Production and Mortgage Servicing. It provides servicing and portfolio retention solutions to investors of mortgage servicing rights, financial and wealth management institutions, regional and community banks, and credit unions.

Further Reading

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