MFA Financial Inc. Stock Outperforms Market On Strong Trading Day

CTS Corp

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Information Technology : Electronic Equipment, Instruments & Components | Small Cap Blend

Company profile

CTS Corporation is a global manufacturer of sensors, connectivity components, and actuators. The Company designs, manufactures, and sells a line of sensors, connectivity components, and actuators primarily to original equipment manufacturers (OEMs) and supplies for the aerospace and defense, industrial, information technology, medical, telecommunications, and transportation markets. It operates manufacturing facilities located throughout North America, Asia and Europe and serves various markets globally. The Company’s products consist principally of sensors and actuators used in passenger or commercial vehicles, connectivity components used in telecommunications infrastructure, information technology and other high-speed applications, switches, temperature sensors, and potentiometers supplied to multiple markets, and fabricated piezoelectric materials and substrates used primarily in medical, industrial, aerospace and defense, and information technology markets.

MFA Financial Inc. Stock Outperforms Market On Strong Trading Day

5:07 pm ET June 24, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of MFA Financial Inc. MFA rose 4.40% to $11.62 Friday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP rising 3.34% to 11,607.62 and the Dow Jones Industrial Average DJIA rising 2.68% to 31,500.68. This was the stock's fifth consecutive day of gains. MFA Financial Inc. closed $7.90 short of its 52-week high ($19.52), which the company achieved on June 25th.

The stock underperformed when compared to some of its competitors Friday, as PennyMac Mortgage Investment Trust PMT rose 6.60% to $14.06, Invesco Mortgage Capital Inc. IVR rose 13.16% to $13.41, and New York Mortgage Trust Inc. NYMT rose 8.20% to $2.77. Trading volume (2.8 M) eclipsed its 50-day average volume of 1.9 M.

Data source: Dow Jones Market Data, FactSet. Data compiled June 24, 2022.

(END) Dow Jones Newswires

June 24, 2022 17:07 ET (21:07 GMT)