TCRD Crosses Below Key Price/Book Valuation Level

In trading on Friday, shares of THL Credit Incorporated (TCRD) crossed below their last reported book value — defined as common shareholder equity per share — of $13.28, changing hands as low as $13.24 per share. THL Credit Incorporated shares are currently trading down about 2% on the day. The chart below shows the one year performance of TCRD shares, versus its 50 and 200 day moving averages:

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THL Credit Incorporated Moving Averages Chart

Looking at the chart above, TCRD's low point in its 52 week range is $12.80 per share, with $17.00 as the 52 week high point — that compares with a last trade of $13.26.

According to the ETF Finder at ETF Channel, TCRD makes up 2.56% of the BDC Income ETF ( BIZD) which is trading lower by about 0.9% on the day Friday.

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