PHH Co.’s (NYSE:PHH) Quiet Period Set To Expire Tomorrow

PHH’s (NYSE:PHH) quiet period will end 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, underwriters and any insiders involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

PHH Price Performance

NYSE PHH opened at $6.19 on Tuesday. PHH has a 1 year low of $3.70 and a 1 year high of $6.90. The business’s 50-day moving average is $8.31 and its 200 day moving average is $10.05.

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.