Shares of Syncora Holdings Ltd (OTCMKTS:SYCRF) rose 0.4% on Wednesday . The company traded as high as $4.80 and last traded at $4.79, approximately 133,615 shares were traded during trading. A decline of 44% from the average daily volume of 237,925 shares. The stock had previously closed at $4.77.
Separately, ValuEngine cut shares of Syncora from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th.
The stock’s 50-day simple moving average is $4.86 and its 200 day simple moving average is $4.93.
Syncora Holdings Ltd., through its subsidiary, Syncora Guarantee Inc, provides financial guarantee insurance and reinsurance, and credit enhancement for the obligations of debt issuers worldwide. The company guarantees U.S. municipal bonds; asset-backed securities; debt backed by utilities and selected infrastructure projects; specialized risks, including future flow securitizations and bank deposit insurance; and collateralized debt obligations.
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