Portman Ridge Finance Corporation (NASDAQ:PTMN – Get Free Report) shares passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $6.71 and traded as high as $6.96. Portman Ridge Finance shares last traded at $6.89, with a volume of 197,875 shares changing hands.
Portman Ridge Finance Stock Performance
The company has a market capitalization of $90.89 million, a PE ratio of -7.41 and a beta of 0.60. The company has a debt-to-equity ratio of 1.54, a quick ratio of 3.11 and a current ratio of 3.11. The company has a 50 day moving average price of $6.71 and a 200 day moving average price of $8.02.
About Portman Ridge Finance
Portman Ridge Finance Corporation is a business development company (BDC) that provides financing to middle-market companies. The company seeks to invest in established businesses through a range of debt and equity instruments, with a primary focus on privately negotiated investments in U.S. companies. Its portfolio may include senior secured loans, unitranche and subordinated debt, and equity investments. Portman Ridge generally targets companies across a variety of industries and uses its investments to support acquisitions, recapitalizations, refinancings, growth initiatives, and other corporate purposes.
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