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OFS Capital (NASDAQ:OFS) Stock Passes Below 200-Day Moving Average - Time to Sell?

OFS Capital logo with Finance background

OFS Capital Co. (NASDAQ:OFS - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.24 and traded as low as $7.92. OFS Capital shares last traded at $8.13, with a volume of 56,524 shares trading hands.

OFS Capital Trading Down 0.1 %

The stock has a market cap of $107.99 million, a PE ratio of -89.55 and a beta of 1.75. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a fifty day moving average price of $8.20 and a 200 day moving average price of $8.22.

OFS Capital (NASDAQ:OFS - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The investment management company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $10.92 million during the quarter, compared to analyst estimates of $10.97 million. OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%. During the same period in the previous year, the firm earned $0.40 earnings per share. Equities analysts expect that OFS Capital Co. will post 1.17 EPS for the current year.

Institutional Trading of OFS Capital

Institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new stake in shares of OFS Capital in the second quarter worth approximately $114,000. Jane Street Group LLC bought a new position in OFS Capital in the 3rd quarter valued at $115,000. Arkadios Wealth Advisors increased its stake in OFS Capital by 7.3% in the third quarter. Arkadios Wealth Advisors now owns 81,961 shares of the investment management company's stock worth $693,000 after purchasing an additional 5,575 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of OFS Capital by 783.4% during the third quarter. International Assets Investment Management LLC now owns 1,180,017 shares of the investment management company's stock worth $9,971,000 after purchasing an additional 1,046,440 shares during the last quarter. Institutional investors own 10.81% of the company's stock.

OFS Capital Company Profile

(Get Free Report)

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It provides flexible capital solutions primarily through debt capital and to a lesser extent, minority equity investments serving the needs of U.S.-based middle-market companies across a broad array of industries.

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