Trade-Ideas LLC identified

TICC Capital

(

TICC

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified TICC Capital as such a stock due to the following factors:

  • TICC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $2.6 million.
  • TICC has traded 112,609 shares today.
  • TICC is trading at 2.73 times the normal volume for the stock at this time of day.
  • TICC is trading at a new high 3.06% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in TICC with the Ticky from Trade-Ideas. See the FREE profile for TICC NOW at Trade-Ideas

More details on TICC:

TICC Capital Corp., a business development company, operates as a closed-end, non-diversified management investment company. The firm invests in both public and private companies. The stock currently has a dividend yield of 19.7%. TICC has a PE ratio of 9. Currently there is 1 analyst that rates TICC Capital a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for TICC Capital has been 337,900 shares per day over the past 30 days. TICC has a market cap of $352.7 million and is part of the financial sector and financial services industry. The stock has a beta of 0.16 and a short float of 0.4% with 0.59 days to cover. Shares are down 22.2% year-to-date as of the close of trading on Wednesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates TICC Capital as a

hold

. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.

Highlights from the ratings report include:

  • TICC, with its decline in revenue, underperformed when compared the industry average of 5.7%. Since the same quarter one year prior, revenues fell by 23.3%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • The gross profit margin for TICC CAPITAL CORP is rather high; currently it is at 68.76%. Regardless of TICC's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, TICC's net profit margin of -128.52% significantly underperformed when compared to the industry average.
  • TICC CAPITAL CORP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, TICC CAPITAL CORP swung to a loss, reporting -$0.05 versus $1.11 in the prior year. This year, the market expects an improvement in earnings ($0.73 versus -$0.05).
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Capital Markets industry. The net income has significantly decreased by 2256.1% when compared to the same quarter one year ago, falling from -$1.26 million to -$29.73 million.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Capital Markets industry and the overall market, TICC CAPITAL CORP's return on equity significantly trails that of both the industry average and the S&P 500.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.