Novation Companies (OTCMKTS:NOVC) Stock Price Passes Above 50-Day Moving Average of $0.05

Novation Companies Inc (OTCMKTS:NOVC) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.05 and traded as high as $0.06. Novation Companies shares last traded at $0.06, with a volume of 3,055 shares.

The firm has a market capitalization of $5.39 million, a PE ratio of 2.40 and a beta of 0.90. The firm has a 50-day moving average of $0.05 and a two-hundred day moving average of $0.04.

Novation Companies (OTCMKTS:NOVC) last issued its earnings results on Wednesday, November 13th. The financial services provider reported ($0.01) earnings per share for the quarter. The firm had revenue of $15.67 million during the quarter. Novation Companies had a negative return on equity of 3.53% and a negative net margin of 3.11%.

About Novation Companies (OTCMKTS:NOVC)

Novation Companies, Inc, through its subsidiary, Healthcare Staffing, Inc, provides outsourced health care staffing and related services primarily to Community Service Boards in Georgia. It also owns a portfolio of mortgage securities. The company was formerly known as NovaStar Financial, Inc and changed its name to Novation Companies, Inc in May 2012.

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