Fifth Street Finance (FSC) has been under a strong bear grip, hence the stock is down -7.13% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.41% in the past 1 week. The stock has risen by 1.57% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.63% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.61% and the 50-Day Moving Average is 0.67%.The 200 Day SMA reached 13.14%
Fifth Street Finance (NASDAQ:FSC): After opening at $5.81, the stock dipped to an intraday low of $5.78 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $5.86 and the buying power remained strong till the end. The stock closed at $5.81 for the day, a gain of 0.52% for the day session. The total traded volume was 753,833. The stocks close on the previous trading day was $5.81.
Fifth Street Finance (FSC) : 2 Wall Street analysts covering Fifth Street Finance (FSC) believe that the average level the stock could reach for the short term is $6.25. The maximum price target given is $7 and the minimum target for short term is around $6, hence the standard deviation is calculated at $0.35.
Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies, primarily in connection with investments by private equity sponsors. The Companys investment objective is to maximize the Companys portfolios total return by generating income from its debt investments and capital appreciation from its equity investments. As of September 30, 2014, the Company consists of 124 investments, 104 of which were in operating companies, one of which was in a senior loan fund vehicle and 19 of which were in private equity funds. The 19 investments in private equity funds represented less than 1% of the fair value of the Companys assets at September 30, 2014. The Company is externally managed and advised by Fifth Street Management LLC.