Ascent Capital Group Inc Series A (OTCMKTS:ASCMA) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Ascent Capital Group Inc Series A (OTCMKTS:ASCMA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.

Ascent Capital Group Inc Series A Price Performance

The stock has a 50-day moving average of $0.82 and a two-hundred day moving average of $0.82.

About Ascent Capital Group Inc Series A

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.