Horizon Technology Receives a Hold from KBW

By Carrie Williams

KBW analyst Ryan Lynch reiterated a Hold rating on Horizon Technology (NASDAQ: HRZN) yesterday and set a price target of $11. The company’s shares closed yesterday at $11.

According to TipRanks.com, Lynch is a 3-star analyst with an average return of 4.4% and a 54.4% success rate. Lynch covers the Financial sector, focusing on stocks such as Fidus Investment Corporation, BlackRock Capital Investment, and Pennantpark Investment Corp.

Horizon Technology has an analyst consensus of Hold, with a price target consensus of $11.

The company has a one year high of $13.95 and a one year low of $9.64. Currently, Horizon Technology has an average volume of 63.68K.

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Horizon Technology Finance Corp. is a closed-end, non-diversified management investment company. It lends and invests in development-stage companies in the technology, life science, healthcare information and services, and cleantech industries. The company was founded on March 16, 2010 and is headquartered in Farmington, CT.