Newmark Group (NASDAQ:NMRK) Downgraded to Hold at Zacks Investment Research
According to Zacks, “Newmark Group, Inc. operates as a commercial real estate advisory firm. The Company offers services and products which includes investment sales, debt and structured finance and loan sales, agency leasing, property management, valuation and advisory and loan servicing. Newmark Group, Inc. is based in New York, United States. “
Shares of NMRK stock opened at $9.76 on Wednesday. The company has a market capitalization of $1.74 billion, a PE ratio of 6.51, a P/E/G ratio of 0.71 and a beta of 1.17. Newmark Group has a one year low of $7.02 and a one year high of $14.68. The business has a fifty day moving average price of $8.72. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.43.
In related news, CEO Barry M. Gosin acquired 561,084 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was bought at an average cost of $7.71 per share, with a total value of $4,325,957.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 90.95% of the stock is currently owned by company insiders.
About Newmark Group
Newmark Group, Inc provides commercial real estate services in the United States and internationally. Its investor/owner services and products include capital markets, such as investment sales; and agency leasing, property management, valuation and advisory, and diligence and underwriting, as well as government sponsored enterprise lending, loan servicing, debt and structured finance, and loan sales under the Newmark Knight Frank name.
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