Portman Ridge Finance Corporation (NASDAQ:PTMN – Get Free Report)’s stock price crossed 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 Trading Down 15.5%
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’s 50 day moving average is $6.65 and its 200 day moving average is $7.96. The stock has a market capitalization of $73.22 million, a price-to-earnings ratio of -5.97 and a beta of 0.60.
Portman Ridge Finance Company Profile
Portman Ridge Finance Corporation is a business development company that provides financing to U.S. middle-market businesses. Its investments include senior secured and subordinated debt, as well as equity interests, and are generally structured to meet the financing needs of individual portfolio companies. The company is externally managed by Sierra Crest Investment Management, an affiliate of BC Partners. Portman Ridge was formerly known as KCAP Financial before adopting its current name in 2019.
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