Breaking Finance News

Newstar Financial (US:NEWS) has been downgraded from Buy to Neutral in a statement by Janney Capital earlier today.

Boasting a price of $12.13, Newstar Financial (US:NEWS) traded 0.58% higher on the day. With the last stock price close up 14.73% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Newstar Financial has recorded a 50-day average of $11.35 and a two hundred day average of $10.63. Volume of trade was up over the average, with 1,100,343 shares of NEWS changing hands over the typical 56,180

Janney Capital has downgraded Newstar Financial (US:NEWS) from Buy to Neutral in a statement released on 10/17/2017.

Performance Chart

Newstar Financial (US:NEWS)

With a total market value of $0, Newstar Financial has price-earnings ratio of 22.02 with a one year low of $8.03 and a one year high of $12.51 .

Brief Synopsis About Newstar Financial (US:NEWS)

NewStar Financial, Inc. (NewStar) is a commercial finance company. The Company operates through two segments: Commercial Lending and Asset Management. The Commercial Lending segment represents its direct lending activities, which are focused on providing a range of flexible senior secured debt options to mid-sized companies. The Asset Management segment represents its investment advisory activities, which are focused on providing opportunities for qualified investors to invest in a range of credit funds managed by the Company. The Company's direct lending activities are focused on meeting the financial needs of companies and private investors in the middle market by offering a range of debt financing options. Through its asset management platforms, NewStar offers a range of investment products employing credit-oriented strategies focused on middle market loans and liquid, tradeable credit.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.