MCC Crosses Below Key Price/Book Valuation Level

In trading on Monday, shares of Medley Capital Corporation (MCC) crossed below their last reported book value — defined as common shareholder equity per share — of $12.65, changing hands as low as $12.56 per share. Medley Capital Corporation shares are currently trading off about 1.2% on the day. The chart below shows the one year performance of MCC shares, versus its 50 and 200 day moving averages:

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Medley Capital Corporation Moving Averages Chart

Looking at the chart above, MCC's low point in its 52 week range is $12.19 per share, with $14.80 as the 52 week high point — that compares with a last trade of $12.58.

According to the ETF Finder at ETF Channel, MCC makes up 3.60% of the BDC Income ETF ( BIZD) which is trading lower by about 0.8% on the day Monday.

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