Hot Stock in the Spotlight: Prospect Capital Corporation (NASDAQ: PSEC)

On Tuesday, Shares of Prospect Capital Corporation (NASDAQ: PSEC) showed the bearish trend with a lower momentum of -0.44% to $6.73. The company traded total volume of 1,112,032 shares as contrast to its average volume of 1.64M shares. The company has a market value of $2.47B and about 366.71M shares outstanding.

Prospect Capital Corp. (PSEC) stated a fiscal second-quarter loss of $67.40M, after reporting a profit in the same period a year earlier. On a per-share basis, the New York-based company said it had a loss of 18 cents. Earnings, adjusted for investment costs, were 22 cents per share.

The business development company posted revenue of $187.90M in the period.

The stock, as of recent close, has shown the weekly upbeat performance of 1.05% which was maintained at 6.66% in this year.


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