(ONIT) Onity - Ratings and Ratios

Onity Group Inc. (NYSE:ONIT) is a financial services company specializing in originating and servicing mortgage loans across the United States and several international locations. The companys business is divided into Servicing and Originations segments, offering a range of products including mortgage servicing rights, conventional and government-insured loans, reverse mortgages, and multi-family loans.

Key aspects of Onity Groups operations include its correspondent lending arrangements, broker relationships, and retail channels, which enable the company to originate and purchase a variety of mortgage loans. The company serves financial institutions under brands such as PHH Mortgage and Liberty Reverse Mortgage. Having changed its name from Ocwen Financial Corporation to Onity Group Inc. in June 2024, the company has a history dating back to 1988 and is headquartered in West Palm Beach, Florida.

To further analyze Onity Groups performance, we can look at key performance indicators (KPIs) such as revenue growth, net interest margin, and delinquency rates. The companys market capitalization of $300 million and a price-to-earnings ratio of 12.96 suggest a relatively stable valuation. Additionally, a return on equity (RoE) of 5.40% indicates a moderate level of profitability. Other relevant KPIs for mortgage finance companies like Onity Group include the ratio of servicing assets to total assets, the efficiency of their origination channels, and their exposure to interest rate risk.

From a trading perspective, Onity Groups stock has shown a positive trend, with its current price of $38.99 being closer to its 52-week high of $40.13 than its low of $22.80. The stocks moving averages (SMA20, SMA50, and SMA200) indicate a bullish trend, with the short-term averages above the long-term average. The average true range (ATR) of 1.15, representing a 2.95% daily price movement, suggests moderate volatility.