TCRD Crosses Below Key Price/Book Valuation Level

In trading on Wednesday, shares of THL Credit Incorporated (TCRD) crossed below their last reported book value — defined as common shareholder equity per share — of $13.36, changing hands as low as $13.31 per share. THL Credit Incorporated shares are currently trading down about 0.6% on the day. The chart below shows the one year performance of TCRD shares, versus its 50 and 200 day moving averages:

START SLIDESHOW:
Click here to find out which 9 other stocks recently crossed below their book value »

THL Credit Incorporated Moving Averages Chart

Looking at the chart above, TCRD's low point in its 52 week range is $13.31 per share, with $17.00 as the 52 week high point — that compares with a last trade of $13.42.

According to the ETF Finder at ETF Channel, TCRD makes up 2.17% of the BDC Income ETF ( BIZD) which is trading up by about 0.2% on the day Wednesday.

More from Stocks

WATCH LIVE: Facebook CEO Mark Zuckerberg Appears Before European Parliament

WATCH LIVE: Facebook CEO Mark Zuckerberg Appears Before European Parliament

Jim Cramer: Schlumberger Predicted the Rise in Oil Prices

Jim Cramer: Schlumberger Predicted the Rise in Oil Prices

Jim Cramer on Zillow's New Business: Buying and Selling Homes

Jim Cramer on Zillow's New Business: Buying and Selling Homes

Jim Cramer: Wabtec Deal Gives General Electric Optionality

Jim Cramer: Wabtec Deal Gives General Electric Optionality

Jim Cramer on the Markets: It's Natural to Have Some Profit Taking

Jim Cramer on the Markets: It's Natural to Have Some Profit Taking