MCG Capital Downgraded from Hold to Sell
MCG Capital (NASDAQ:MCGC) was downgraded from Hold to Sell at Stifel Nicolaus today. The stock closed yesterday at $4.70 on volume of 1.9 million shares, above average daily volume of 459,000.
Over the past year, MCG Capital has traded in a range of $3.40 to $7.23 and closed yesterday at $4.70, 38% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.
Based on a current price of $4.70, MCG Capital is currently 1.6% above its average consensus analyst price target of $4.62. MCG Capital shares have support at the 50-day moving average (MA) of $4.64 and additional support at the 200-day MA of $4.44.
