THL Credit Sets New 52-Week Low at $13.45 (TCRD)
THL Credit (NASDAQ:TCRD) shares hit a new 52-week low during mid-day trading on Tuesday , StockRatingsNetwork.com reports. The company traded as low as $13.45 and last traded at $13.56, with a volume of 126,104 shares trading hands. The stock had previously closed at $13.54.
Separately, analysts at TheStreet downgraded shares of THL Credit from a “buy” rating to a “hold” rating in a research note on Friday, March 21st.
The stock’s 50-day moving average is $13.89 and its 200-day moving average is $15.5.
THL Credit (NASDAQ:TCRD) last announced its earnings results on Wednesday, March 5th. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.34 by $0.07. The company had revenue of $18.50 million for the quarter, compared to the consensus estimate of $20.34 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. On average, analysts predict that THL Credit will post $1.38 earnings per share for the current fiscal year.
THL Credit, Inc is a non-diversified, closed-end management investment company. It operates as a business development company.
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