Highland Funds I – Highland Income Fund (HFRO) shares are trading at lower $8.59.
To add more color to this target, the company’s high over the last year is $13.55 and the low is $7.02. Over the last 52 weeks, HFRO is down -35.02% while the S&P 500 is up 14.20%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. HFRO has outstanding shares of 71.41M.
HFRO has seen increased volume after this news and investors are putting their support behind the value proposition. Investors should also keep an eye on sector updates as HFRO has historically followed its peers on positive news.
All told, Highland Funds I – Highland Income Fund HFRO has strung together solid data and demonstrated underlying fundamentals. At its current valuation, HFRO represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Highland Funds I – Highland Income Fund HFRO is now commanding a market cap of 613.41M. HFRO is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of HFRO stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in HFRO, either long or short, and we have not been compensated for this article.