OFS Credit (OCCIN) Projected to Post Quarterly Earnings on Tuesday

OFS Credit (NASDAQ:OCCIN) is expected to be announcing its resultson Tuesday, June 9th. Analysts expect OFS Credit to post earnings of $0.30 per share and revenue of $11.16 million for the quarter.

OFS Credit Stock Down 0.1%

Shares of OCCIN stock opened at $24.78 on Tuesday. OFS Credit has a 1 year low of $23.88 and a 1 year high of $24.93. The firm’s fifty day simple moving average is $24.68 and its 200 day simple moving average is $24.61.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of OFS Credit from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 25th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

OFS Credit Company Profile

OFS Credit Company, Inc (NASDAQ: OCCIN) is a non-diversified, closed-end management investment company focused on corporate credit investments. Since its initial public offering in June 2020, the company has sought to provide investors with current income and capital preservation through a diversified portfolio of floating-rate senior secured loans, second-lien financings and other debt instruments issued by middle-market companies in the United States.

The firm’s investment strategy emphasizes privately negotiated loans and structured credit solutions that are typically less accessible via public debt markets.