Credit Suisse High Yield Bond Fund Inc. (DHY) shares are trading at lower $2.30.
To add more color to this target, the company’s high over the last year is $2.56 and the low is $1.28. Over the last 52 weeks, DHY is down -9.80% while the S&P 500 is up 15.29%. 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. DHY has a short ratio of 0.36 and outstanding shares of 103.51M.
DHY has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.15 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.31. Investors should also keep an eye on sector updates as DHY has historically followed its peers on positive news.
All told, Credit Suisse High Yield Bond Fund Inc. DHY has strung together solid data and demonstrated underlying fundamentals. At its current valuation, DHY 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.
Credit Suisse High Yield Bond Fund Inc. DHY is now commanding a market cap of 238.07M. DHY 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 DHY 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 DHY, either long or short, and we have not been compensated for this article.