PHH Co.’s Quiet Period To Expire on February 5th (NYSE:PHH)

PHH’s (NYSE:PHH) quiet period will expire on Wednesday, February 5th. PHH had issued 1,200,000 shares in its public offering on December 27th. The total size of the offering was $4,800,000 based on an initial share price of $4.00. During PHH’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

PHH Price Performance

Shares of NYSE PHH traded down $0.33 during midday trading on Friday, reaching $5.78. 85,870 shares of the company traded hands, compared to its average volume of 93,615. PHH has a 52 week low of $3.70 and a 52 week high of $6.90. The stock has a 50-day moving average price of $8.41 and a 200 day moving average price of $10.10.

PHH Company Profile

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.