Investcorp Credit Management BDC (NASDAQ:ICMB – Get Free Report) posted its earnings results on Wednesday. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.17), Zacks reports. Investcorp Credit Management BDC had a negative net margin of 171.03% and a negative return on equity of 3.32%. The company had revenue of $3.14 million for the quarter, compared to the consensus estimate of $4.61 million.
Investcorp Credit Management BDC Stock Performance
NASDAQ ICMB remained flat at $1.06 during trading hours on Friday. 542,207 shares of the company traded hands, compared to its average volume of 409,106. The company’s 50 day moving average price is $0.76 and its 200-day moving average price is $1.41. Investcorp Credit Management BDC has a twelve month low of $0.59 and a twelve month high of $3.12. The stock has a market capitalization of $15.30 million, a P/E ratio of -0.64 and a beta of 0.72. The company has a debt-to-equity ratio of 2.20, a current ratio of 7.28 and a quick ratio of 7.28.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised Investcorp Credit Management BDC from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Investcorp Credit Management BDC has an average rating of “Sell”.
Read Our Latest Stock 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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