In a challenging economic climate, Corporate Asset Backed Corp (PFH) preferred stock hit a new 52-week low, falling to $17.82. Despite falling prices, the company maintains a “GOOD” financial health rating according to InvestingPro data, with strong revenue growth of 46% over the last twelve months. This latest price level reflects the security’s persistent downward trend over the past year, with PFH experiencing a significant one-year change, down -8.84%. Investors are watching the stock closely as it moves through market volatility, with the 52-week low serving as a critical benchmark for the company’s performance and investor sentiment. Namely, PFH has maintained dividend payments for 23 consecutive years and trades at a P/E ratio of 10.8. The drop to this low marks a significant moment for PFH, as shareholders consider the stock’s future trajectory in light of recent results. For deeper insights and additional financial metrics, investors can access comprehensive analysis via InvestingProwhich offers exclusive ProTips and detailed financial health indicators.
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