Microvast Holdings announces departure of chief financial officer
In a challenging economic climate, Corporate Asset Backed Corp's preferred stock (PFH) has recorded a new 52-week low, dipping to $16.92. With a substantial market capitalization of $33.67 billion and a P/E ratio of 14.6, InvestingPro data indicates the stock's RSI suggests oversold territory. This latest price level reflects a significant downturn from the previous year, with PFH experiencing a 1-year change of -15.05%. Despite the decline, the company maintains a strong dividend history, having raised dividends for 16 consecutive years. Investors are closely monitoring the stock as it navigates through market volatility, with the 52-week low serving as a critical indicator of the company's current performance amidst broader financial pressures. InvestingPro offers 12 additional key insights about PFH's financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.