Capitala Finance Corp. (CPTA) started the trading day on a down note, making it one of the worst performing stocks in the financial sector of NYSE and NASDAQ listed companies shortly after the opening bell on September 23. Shares of CPTA have fallen 10.02% about 30 minutes into the session to $13.11 after closing the day prior at $14.57. It’s early, but the stock has traded as high as $13.71 and as low as $13.04 so far. Today’s quick decline has come with about 64,477 shares changing hands, compared to an average 30-day volume of 112,556 for Capitala Finance Corp.. The price is currently below the 30-day volume weighted average price of $13.49 for CPTA.
The share depreciation gives the company a market capitalization of $230.64 million based upon 15.83 million shares outstanding. It also means that CPTA has a price-to-book ratio of 0.9:1.
In the past 52 weeks, shares of CPTA have traded as low as $9.54 and as high as $15.8. Technical traders will take note that at $13.11, shares of CPTA are trading above their 200-day MA at $12.4 and below their 50-day MA at $14.62. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is CPTA?
Capitala Finance Corp is an externally managed non-diversified closed-end management investment company. The Company's investment objective is to generate both current income and capital appreciation through debt and equity investments. The company’s employees are led by CEO Joseph B. Alala from the corporate headquarters at 4201 Congress Street in Charlotte, NC.
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