The decline in Credit Suisse Asset Management Income Fund Inc. (CIK) stock price is a huge buying opportunity

Credit Suisse Asset Management Income Fund Inc. (NYSE: CIK) is 0.00% lower on its value in year-to-date trading and has touched a low of $1.97 and a high of $3.45 in the current 52-week trading range. The CIK stock was last observed hovering at around $3.17 in the last trading session, with the day’s loss setting it -0.02%.


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Currently trading at $3.15, the stock is -0.60% and 0.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.29 million and changing -0.63% at the moment leaves the stock 11.45% off its SMA200. CIK registered -3.67% loss for a year compared to 6-month gain of 17.10%. The firm has a 50-day simple moving average (SMA 50) of $3.1662 and a 200-day simple moving average (SMA200) of $2.9568.

The stock witnessed a -0.94% loss in the last 1 month and extending the period to 3 months gives it a 5.35%, and is 0.00% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.89% over the week and 1.44% over the month.

Distance from 52-week low is 59.90% and -8.70% from its 52-week high.

Credit Suisse Asset Management Income Fund Inc. (CIK) Analyst Forecasts

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Credit Suisse Asset Management Income Fund Inc. (CIK) Top Institutional Holders

54 institutions hold shares in Credit Suisse Asset Management Income Fund Inc. (CIK), with institutional investors hold 24.00% of the company’s shares. Institutions hold 24.00% of the Float.

The top institutional shareholder in the company is SIT Investment Associates Inc with over 1.94 million shares valued at $5.69 million. The investor’s holdings represent 3.70% of the CIK Shares outstanding. As of Sep 29, 2020, the second largest holder is LPL Financial LLC with 1.13 million shares valued at $3.32 million to account for 2.16% of the shares outstanding. The other top investors are Invesco Ltd. which holds 0.76 million shares representing 1.45% and valued at over $2.23 million, while Bank of America Corporation holds 1.03% of the shares totaling 0.54 million with a market value of $1.59 million.

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