TWO
Two Harbors Investment Corp. Financial Services - Mortgage REIT Investor Relations →
Two Harbors Investment Corp. (TWO) closed at $12.54 as of 2026-05-01, trading 27.1% above its 200-week moving average of $9.87. The stock moved further from the line this week, up from 11.6% last week. The 14-week RSI sits at 48, indicating neutral momentum.
Trading volume is running at 1.3x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.31 ratio) is neutral — neither side is clearly dominating.
Over the past 813 weeks of data, TWO has crossed below its 200-week moving average 5 times. On average, these episodes lasted 64 weeks. Historically, investors who bought TWO at the start of these episodes saw an average one-year return of +5.9%.
With a market cap of $1317 million, TWO is a small-cap stock. Return on equity stands at -17.7%. The stock trades at 1.1x book value.
Share count has increased 21.3% over three years, indicating dilution.
Over the past 15.6 years, a hypothetical investment of $100 in TWO would have grown to $155, compared to $799 for the S&P 500. TWO has returned 2.9% annualized vs 14.3% for the index, underperforming the broader market over this period.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: TWO vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After TWO Crosses Below the Line?
Across 4 historical episodes, buying TWO when it crossed below its 200-week moving average produced an average return of +70.8% after 12 months (median +15.0%), compared to +22.8% for the S&P 500 over the same periods. 100% of those episodes were profitable after one year. After 24 months, the average return was +87.3% vs +48.3% for the index.
Each line shows $100 invested at the moment TWO crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
TWO has crossed below its 200-week MA 5 times with an average 1-year return of +5.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Nov 2015 | Nov 2015 | 2 | 1.0% | +13.6% | -15.5% |
| Nov 2015 | May 2016 | 22 | 11.7% | +15.3% | -15.5% |
| Mar 2020 | Feb 2025 | 256 | 79.5% | -16.1% | -30.7% |
| Mar 2025 | Dec 2025 | 37 | 13.6% | +10.7% | +28.7% |
| Mar 2026 | Mar 2026 | 2 | 11.9% | N/A | +39.6% |
| Average | 64 | — | +5.9% | — |
Frequently Asked Questions
Is TWO below its 200-week moving average?
No. Two Harbors Investment Corp. (TWO) is currently 27.1% above its 200-week moving average of $9.87. It would need to fall to $9.87 to cross below the line.
What is TWO's 200-week moving average price?
Two Harbors Investment Corp.'s 200-week moving average is $9.87 as of 2026-05-01. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when TWO drops below its 200-week moving average?
TWO has crossed below its 200-week moving average 5 times in our data. On average, buying at that moment produced a one-year return of +5.9%. These dips have historically been decent entry points. These episodes lasted 64 weeks on average.
Is TWO a good value right now?
Here's what our data says about TWO as of 2026-05-01: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 48. Return on equity is -17.7%. Price-to-book is 1.1x. This is not a buy or sell recommendation — always do your own research.
How does TWO compare to the S&P 500?
Over the past 15.6 years, $100 invested in TWO would have grown to $155, compared to $799 for the S&P 500. That's 2.9% annualized vs 14.3% for the index. TWO has underperformed the broader market over this period.
Does TWO pay a dividend?
Yes. Two Harbors Investment Corp. currently pays a dividend yield of 1124.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-05-01