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Shares of AG Mortgage Investment (NYSE:MITT) moved higher by 2.7% in pre-market trading after the company reported Q1 results.
Quarterly Results
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Earnings per share were down 3428.89% year over year to ($14.98).
Revenue of $20,297,000 up by 11.84% from the same period last year, which missed the estimate of $22,150,000.
Outlook
AG Mortgage Investment hasn't issued any earnings guidance for the time being.
AG Mortgage Investment hasn't issued any revenue guidance for the time being.
Conference Call Details
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Date: Jun 12, 2020
Time: 08:30 AM
ET Webcast URL: https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowUUID=C5BBC201-5E03-4521-B0D8-E946051AC000&LangLocaleID=1033&Referrer=http%3A%2F%2Fwww.agmortgageinvestmenttrust.com%2Fnews-releases%2Fnews-release-details%2Fag-mortgage-investment-trust-inc-schedules-first-quarter-2020
Technicals
52-week high: $16.70
Company's 52-week low was at $1.46
Price action over last quarter: down 64.13%
Company Overview
AG Mortgage Investment Trust Inc is a real estate investment trust (REIT). It focuses on investing in, acquiring and managing a diversified portfolio of residential mortgage assets, other real estate-related securities, and financial assets, which the company refers to as its target assets. It also focuses on investing in residential mortgage-backed securities (RMBS) issued or guaranteed by a government-sponsored enterprise.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.