Downgrade Alert for TICC Capital (TICC)
TICC Capital (NASDAQ:TICC) was downgraded from Equal Weight to Underweight at Barclays Capital today. The stock closed yesterday at $4.96 on volume of 197,000 shares, above average daily volume of 160,000.
In the past 52 weeks, shares of TICC Capital have traded between a low of $4.16 and a high of $7.22 and closed yesterday at $4.98, which is 20% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.
TICC Capital has overhead space with shares priced $4.98, or 37.8% below the average consensus analyst price target of $8.00. TICC Capital shares should first meet resistance at the 50-day moving average (MA) of $5.00 and find additional resistance at the 200-day MA of $5.92.
TICC Capital Corporation is a business development company that provides capital primarily to technology-related companies. The Company invests in computer software and hardware, information technology, Internet, networking systems, diversified technology, medical devices, telecommunications, media, and semiconductor companies.
SmarTrend is tracking the current trend status for TICC Capital and will alert subscribers who have TICC in their portfolio or watchlist when shares have changed trend direction.
Keywords: analyst upgrades/downgrades ticc capital