Stock Rating Downgrade
The Value Trend Rating for MidCap Financial Investment Corp (NASDAQ: MFIC) weakened in recent days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
MidCap Financial Investment Corp (NASDAQ: MFIC) stock closed at $15.29 on 5/1/24 after a modest gain of 0.6%. However, exceptionally low trading volume at 47% of normal accompanied the advance. The stock is unchanged during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, MFIC is expected to continue to be a Value Builder.
MidCap Financial Investment has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. MidCap Financial Investment has a neutral Appreciation Score of 58 and a slightly positive Power Rating of 64, and the High Neutral Value Trend Rating results.
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