Ascent Capital Group Inc Series A (OTCMKTS:ASCMA) Stock Crosses Above 200 Day Moving Average – What’s Next?

Ascent Capital Group Inc Series A (OTCMKTS:ASCMA)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.82 and traded as high as $0.9999. Ascent Capital Group Inc Series A shares last traded at $0.8180, with a volume of 19,000 shares.

Ascent Capital Group Inc Series A Stock Up 5.5%

The stock’s fifty day simple moving average is $0.82 and its 200-day simple moving average is $0.82.

Ascent Capital Group Inc Series A Company Profile

Ascent Capital Group Inc, together with its subsidiaries, operates as a specialty finance company focused on equipment and technology-related leasing and financing solutions for third-party originators and end users. The company’s core activities include warehouse lending, sale-leaseback financing, segregated portfolio acquisitions and capital markets programs. Through these lines, Ascent Capital Group enables independent leasing companies, banks and equipment vendors to optimize funding structures, transfer risk and access capital via securitized transactions.

In its warehouse lending division, Ascent Capital Group provides committed financing lines to independent originators seeking to grow their lease and loan portfolios.