American Capital, Ltd. (ACAS) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $15.23 to $16.28 in the past one-month time frame.
This company in Asset Management industry has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn’t changed either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
ACAS currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same space include Apollo Investment Corporation (AINV), OFS Capital Corporation (OFS) and Horizon Technology Finance Corporation (HRZN). All these stocks carry a Zacks Rank #2 (Buy).
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