Intermediate Capital Group (OTCMKTS:ICGUF) Trading Up 6.5% – Here’s What Happened

Intermediate Capital Group plc (OTCMKTS:ICGUF) rose 6.5% during mid-day trading on Wednesday . The company traded as high as $25.96 and last traded at $25.96. Approximately 668 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 4,840 shares. The stock had previously closed at $24.38.

Analysts Set New Price Targets

Separately, Morgan Stanley reissued an “overweight” rating on shares of Intermediate Capital Group in a research report on Tuesday, February 4th.

Intermediate Capital Group Stock Up 6.5 %

The stock’s fifty day moving average is $27.07 and its 200-day moving average is $26.44.

Intermediate Capital Group Company Profile

Intermediate Capital Group plc is a private equity firm specializing in direct and fund of fund investments. Within direct it specializes in private debt, credit and equity investments. It invests in middle market, mature, growth capital, reinvestment, industry consolidations, bridge financing, restructuring of a shareholder base, acquisitions, public to private transactions with or without private equity backing, leveraged and acquisition finance, leveraged credit, partnership equity, management buyouts and management buyins, secondary investments, development capital, public quoted company finance, off-balance-sheet finance, refinancing and recapitalizations, and pre-IPO financing.