Stock Rating Downgrade
Of late the Value Trend Rating for PennantPark Investment Corp (NYSE: PNNT) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 5/1/24, PennantPark Investment Corp (NYSE: PNNT) stock declined slightly by -1.0%, closing at $7.05. Moreover, this decline was accompanied by above average trading volume at 142% of normal. The stock has performed in line with the market over the last nine months and has declined -2.5% during the last week.
Current PriceTarget Research Rating
PNNT's future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
PennantPark Investment has a current Value Trend Rating of C (High Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock's attractiveness. PennantPark Investment has a neutral Appreciation Score of 60 and a slightly positive Power Rating of 61, triggering the High Neutral Value Trend Rating.