Extremely important positive changes in investment behavior have recently occurred for Citizens & Northern Corp (NASDAQ: CZNC): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Citizens & Northern Corp (NASDAQ: CZNC) has benefited from small positive changes in fundamentals: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, CZNC is expected to continue to be a modest Value Builder.
Citizens & Northern has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Citizens & Northern has a slightly positive Appreciation Score of 61 but a slightly negative Power Rating of 39, and the Neutral Value Trend Rating results.
Recent Price Action
Citizens & Northern Corp (NASDAQ: CZNC) stock closed at $18.86 on 7/12/24 after an increase of 1.8%. Moreover, this advance was accompanied by exceptionally high trading volume at 221% of normal. The stock has risen 9.5% during the last week but has been weak relative to the market over the last nine months.
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