TICC Capital Corp. (TICC) Stock Moves Down and Here’s Why

TICC Capital Corp. (NASDAQ: TICC) shares rose in early trading yesterday lower trade volume than normal after a number of analysts weighed in on the investing value of the stock with a downgraded rating.

Meanwhile, in early trading today the Dow Jones Industrial Average DJIA, +0.19% rose 40 points, or 0.2%, to 19,929 while the S&P 500 SPX, +0.31% added 5 points to 2,275, a rise of 0.2%. The Nasdaq Composite Index COMP, +0.53% climbed 19 points, or 0.3%, to 5,567.

Analysts at Zacks Investment Research downgraded shares of TICC Capital Corp. (NASDAQ: TICC) from Hold to Sell in a research note to investors today. Zacks Investment Research currently has a rating of Sell on the stock. The one-year price target of $5.50 is lower than the opening price of $6.71, resulting a number of other analysts to comment on the company recently. Looking back over the last 52 weeks, TICC Capital Corp. stock has a high of $7.17. considerable and major digressions in the company’s procedures, future ision or industry can cause downgrades as the analysts believe that the future prospects for the security have diminished from the initial recommendation.

Shares of TICC Capital Corp. (NASDAQ: TICC) opened at $6.71 yesterday trading between $6.70 and $6.75, and last traded at $6.71, an increase of $0.02 over the previous closing price.

TICC Capital Corp. (NASDAQ: TICC) currently has a market cap of 345.43M.

TICC Capital Corp. (NASDAQ: TICC) Average Daily Trading Volume

20,911 shares traded hands yesterday, 1 percent lower than normal, out of a total float 48,952,000. lower than normal. Look for trading volume to pick up in the coming days as swing traders often use upticks in trading volume to identify heavy volume accumulation or distribution by institutional investors.

However, a single day of heavy buy side trading is not enough to assert a trend. As such, market traders will continue to watch for institutional sponsorship as a signal that financial institutions are moving forward.

Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.

Professional investors such as these retain teams of analysts that investigate thousands of stocks, so it is good confirmation to see them taking a postion in a stock you’re researching.

TICC Capital Corp. (NASDAQ: TICC) Moving Averages

A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.

This is because the average acts like a floor (support), so the price bounces up off of it.

In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.

By tracking the activity of these professional investors—and the moving averages they affect—it allows for traders to make more effective decisions on trades.

With that in mind, TICC Capital Corp. (NASDAQ: TICC) now has a 50-day MA of $6.70 and 200-day MA of $6.00. It has traded in a 52-week range between $4.16 – 7.1700 and today’s last price is 6.41%% lower than the 52 week high of $7.17.

Earnings growth is an important factor to research when buying stocks and investors look for companies that have grown their earnings at least 25% or more for a 3 year period.

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