Weakness Seen in MCG Capital (MCGC): Stock Tumbles 11.0%

Zacks

MCG Capital Corporation (MCGC) saw a big move last session, as the company’s shares fell nearly 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for MCGC, as the stock is now down 12.6% since Feb 24, 2014.

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. There has been no estimate revision on either side and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

MCGC currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the financial sector include Gladstone Investment Corporatio (GAIN), Horizon Technology Finance Corporation (HRZN) and OFS Capital Corporation (OFS). All these stocks hold a Zacks Rank #2 (Buy).

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MCG CAPITAL CP (MCGC): Free Stock Analysis Report

GLADSTONE INVESTMENT CORPORATION (GAIN): Free Stock Analysis Report

HORIZON TECH FINANCE CORP (HRZN): Free Stock Analysis Report

OFS CAPITAL CORP (OFS): Free Stock Analysis Report


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