CIT Group Inc. (CIT) is priced at $24.34 after the most recent trading session. At the very opening of the session, the stock price was $18.94 and reached a high price of $19.82, prior to closing the session it reached the value of $19.74. The stock touched a low price of $18.81.
Recently in News on October 16, 2020, Shareholder Alert: Ademi LLP Investigates whether CIT Group Inc. has obtained a Fair Price in its transaction with First Citizens BancShares, Inc.. Ademi LLP is investigating CIT Group (NYSE: CIT) for possible breaches of fiduciary duty and other violations of the law in its transaction with First Citizens. You can read further details here
CIT Group Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $48.96 on 01/29/20, with the lowest value was $12.02 for the same time period, recorded on 03/23/20.
CIT Group Inc. (CIT) full year performance was -55.56%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, CIT Group Inc. shares are logging -50.28% during the 52-week period from high price, and 102.54% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $12.02 and $48.96.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 8717287 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the CIT Group Inc. (CIT) recorded performance in the market was -56.74%, having the revenues showcasing 1.65% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 1.97B, as it employees total of 3609 workers.
Analysts verdict on CIT Group Inc. (CIT)
During the last month, 4 analysts gave the CIT Group Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 6 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 20.05, with a change in the price was noted +3.68. In a similar fashion, CIT Group Inc. posted a movement of +17.95% for the period of last 100 days, recording 2,245,620 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CIT is recording 0.91 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.91.
CIT Group Inc. (CIT): Technical Analysis
Raw Stochastic average of CIT Group Inc. in the period of last 50 days is set at 94.67%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 94.67%. In the last 20 days, the company’s Stochastic %K was 80.08% and its Stochastic %D was recorded 75.71%.
Let’s take a glance in the erstwhile performances of CIT Group Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -56.74%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -0.85%, alongside a downfall of -55.56% for the period of the last 12 months. The shares increased approximately by -3.61% in the 7-day charts and went down by 7.46% in the period of the last 30 days. Common stock shares were driven by 1.65% during last recorded quarter.