Bitcoin price today: surges to $122k, near record high on US regulatory cheer
Oxford Lane Capital Corp’s 6.25% preferred stock reached a 52-week high, closing at 24.59 USD, marking a significant milestone for the company. The stock maintains an attractive 6.39% dividend yield and has demonstrated strong financial stability with a current ratio of 1.77. InvestingPro analysis indicates the company’s overall financial health is FAIR. Over the past year, the stock has delivered a total return of 9.79%, supported by impressive revenue growth of 40.34%. This upward movement reflects investor confidence and positive market sentiment towards the company’s financial health and growth prospects. InvestingPro subscribers can access 8 additional key insights about Oxford Lane Capital’s performance and valuation metrics. The achievement of this 52-week high underscores a period of relative stability and growth for Oxford Lane Capital, as it continues to navigate the complexities of the financial markets with a conservative beta of 0.75, indicating lower volatility compared to the broader market.
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