What SWK Holdings Corp (OTC:SWKH) gained on Monday, it lost yesterday when it went down 1.24% to close the session at $0.879 per share on what would become its second highest turnover generated for the last six months, namely 262 thousand shares.
SWKH has not submitted any substantial news for quite a while now. In fact, ever since the company sold practically all of its assets in December 2009 it has shown no signs of life, except for a couple of 8-Ks of purely organizational nature. What is clear, however, is that SWKH’s managers pretend to be searching for high-potential acquisitions to reinvest the cash reserves of approx. $40 million generated from the above mentioned sale.
Now, almost two years later, the company appears to have made no progress whatsoever in this direction. Nevertheless, SWKH stock has stuck to an incredibly consistent market performance. Apart from a couple of major slumps, SWKH shares have been traded within the range of $0.85-0.88 per share for the last six months. In this regard, SWKH has become fairly predictable which, to a certain extent, explains the lack of promotional interest in this stock.
As it seems, major fluctuations, if any, might occur as soon as the company has finally found the perfect acquisition candidate. Until then, SWKH will most probably continue to snake its way through the $0.85 level.
