Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Fidus Investment Corp (NASDAQ: FDUS) improved recently. FDUS’ current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Fidus Investment Corp (NASDAQ: FDUS) stock declined slightly by -0.9% on 4/12/24. The stock closed at $19.52. However, trading volume in this decline was exceptionally low at 49% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
FDUS is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Fidus Investment has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Fidus Investment has a neutral Power Rating of 58 and a slightly positive Appreciation Score of 69, with the Positive Value Trend Rating the result.
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