Novation Companies (OTCMKTS:NOVC) Share Price Passes Below Two Hundred Day Moving Average of $0.00

Novation Companies Inc (OTCMKTS:NOVC)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as low as $0.04. Novation Companies shares last traded at $0.04, with a volume of 46,000 shares changing hands.

The business’s 50 day simple moving average is $0.03 and its 200-day simple moving average is $0.04. The company has a market cap of $5.01 million, a price-to-earnings ratio of 0.99 and a beta of 1.36.

Novation Companies (OTCMKTS:NOVC) last issued its earnings results on Monday, May 13th. The financial services provider reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $15.85 million for the quarter. Novation Companies had a net margin of 8.36% and a negative return on equity of 7.51%.

Novation Companies Company Profile (OTCMKTS:NOVC)

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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