Investcorp Credit Management BDC (NASDAQ:ICMB – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.17), Zacks reports. Investcorp Credit Management BDC had a positive return on equity of 0.86% and a negative net margin of 134.21%.
Investcorp Credit Management BDC Stock Up 2.6%
ICMB traded up $0.02 during midday trading on Wednesday, reaching $0.62. The company’s stock had a trading volume of 33,610 shares, compared to its average volume of 65,883. The firm has a market capitalization of $8.92 million, a price-to-earnings ratio of -0.44 and a beta of 0.72. The company has a current ratio of 7.28, a quick ratio of 7.28 and a debt-to-equity ratio of 2.20. Investcorp Credit Management BDC has a 1 year low of $0.59 and a 1 year high of $3.12. The stock’s 50-day moving average is $0.76 and its 200-day moving average is $1.43.
Analyst Ratings Changes
Separately, Weiss Ratings cut Investcorp Credit Management BDC from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Investcorp Credit Management BDC presently has a consensus rating of “Sell”.
Check Out Our Latest Report on Investcorp Credit Management BDC
About Investcorp Credit Management BDC
Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) is a business development company that provides financing to privately held, middle-market companies in the United States. The company seeks to generate income primarily through investments in debt securities, while also pursuing opportunities for long-term capital appreciation. Its investment portfolio may include senior secured first-lien and second-lien loans, subordinated debt, mezzanine financing and, in some cases, equity-related investments.
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