Zacks Investment Research downgraded CYS Investments Inc (NYSE:CYS) to Sell in a report released today.
- Updated: October 14, 2016
Zacks Investment Research has downgraded CYS Investments Inc (NYSE:CYS) to Sell in a statement released on 10/14/2016.
Displaying a price of $8.24, CYS Investments Inc (NYSE:CYS) traded -0.48% lower on the day. With the last stock close price down -1.57% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. CYS has recorded a 50-day moving average of $8.68 and a two hundred day average of $8.49. Trade Volume was down over the average, with 897,636 shares of CYS changing hands under the typical 1,226,810
Recent Performance Chart
CYS Investments Inc has a P/E ratio of 9.53 with a 52 week low of $5.89 and a 52 week high of $9.21 CYS Investments Inc’s market capitalization is presently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 9 brokerages have issued a research note on the stock. The consensus target price is $8.02 with two brokerages rating the company a strong buy, three analysts rating the company a buy, four firms rating the stock a hold, 2 equity analysts rating the company a underperform, and lastly 0 brokers rating the stock a sell.
More About CYS Investments Inc (NYSE:CYS)
CYS Investments, Inc. is a specialty finance company. The Company invests in agency residential mortgage-backed security (Agency RMBS) collateralized by fixed rate single-family residential mortgage loans; adjustable-rate mortgages (ARMs), which have coupon rates that reset monthly, or hybrid ARMs, which have a coupon rate that is fixed for an initial period (approximately three, five, seven or 10 years). In addition, the Company permits investments in collateralized mortgage obligations (CMOs) issued by a Government agency or Government-sponsored entity that are collateralized by Agency RMBS, although it has not invested in any CMOs. In addition to Agency RMBS, the Company invests in the United States Treasuries. The Company also invests in debt securities issued by the United States Department of the Treasury or a Government-sponsored entity that is not backed by collateral.
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