Bollinger Band Analysis Review of CIT Group Inc. (NYSE:CIT)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of CIT Group Inc. (NYSE:CIT) for the period of 9-Day stands at 68.54% while the stochastic %D for the same period stands at 73.47%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of CIT Group Inc. (NYSE:CIT) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for CIT Group Inc. (NYSE:CIT) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently CIT Group Inc. (NYSE:CIT)’s 20-Day Bollinger Band indicates “Hold”.

About Company

CIT Group Inc. is a bank holding company that provides financing and leasing capital for commercial companies throughout the world. Covering a wide variety of industries, the Company offers vendor, equipment, commercial, and structured financing products, as well as factoring and management advisory services. CIT operates CIT Bank, a full service Utah state bank, which is regulated by the Utah Department of Financial Institutions and the FDIC. CIT Group operates primarily in North America, with locations in Europe, Latin America, Australia and the Asia-Pacific region. The Company is headquartered in New York City.

Previous Day Activity Analysis

On the last trading day, CIT Group Inc. (NYSE:CIT) opened the session at $49.18 and after going up 0% closed at $49.2. The stock gained 0.02 points in the last trade.

CIT Group Inc. (NYSE:CIT)’s stock fluctuated in the range of $49.03 and $49.67 during the previous active session. CIT Group Inc. (NYSE:CIT) traded with the volume of 1.19 Million with average volume of 1.28 Million. The stock has LOW volatility on the last trading session.

Currently the Beta for the company remains at 1.49 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.77 and 63.14 respectively.

Currently the Insider Ownership of the shares of CIT Group Inc. (NYSE:CIT) is at 0.3% and the shares outstanding are 136.53 Million.

Important Ratio Analysis

Some important ratios to consider here for CIT Group Inc. (NYSE:CIT) are discussed below:

Dividend yield of CIT Group Inc. (NYSE:CIT) stands at 1.22% whereas Price to Earnings P/E ratio stands at 0 while Forward P/E shows the value of 12.96.

The Price to Sale P/S and Price to Book P/B shows the value of 3.57 and 1.28 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 1.24 and 0 correspondingly.

The Quick Ratio of CIT Group Inc. (NYSE:CIT) stands at 0 while the Current Ratio depicts the value of 0.

Return on Assets ROA of CIT Group Inc. (NYSE:CIT) is at 0% whereas, Return on Equity ROE and Return of Investment ROI of CIT Group Inc. (NYSE:CIT) stand at 0% and 3% respectively.

Stock Performance Analysis

The stock performance of CIT Group Inc. (NYSE:CIT) on the basis of 5 day trade show the jump of 0.84% whereas, the monthly performance of the stock shows increase of 7.38%.

The quarterly performance of the stock remained in red zone with the value of -0.75% while six month performance of the shares of CIT Group Inc. (NYSE:CIT) remained bullish with the count of 15.03%.

The yearly and YTD performance of CIT Group Inc. (NYSE:CIT) remained up at 35.99% and 15.28% respectively.