Mesabi Trust (NYSE: MSB) has recently enjoyed extremely important positive changes in investment behavior: the stock rose on very heavy volume, and positive upside/downside volume developed.
Mesabi Trust (NYSE: MSB). Important positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales 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
MSB is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Mesabi Trust has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Mesabi Trust has a good Appreciation Score of 72 but a poor Power Rating of 18, triggering the Low Neutral Value Trend Rating.
Recent Price Action
Mesabi Trust (NYSE: MSB) stock closed at $17.72 on 7/16/24 after a modest gain of 0.7%. Moreover, this advance was accompanied by exceptionally high trading volume at 200% of normal. The stock has risen 1.2% during the last week but has been weak relative to the market over the last nine months.
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