Stock Rating Upgrade
The Value Trend Rating for Logan Ridge Finance Corp (NASDAQ: LRFC) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Logan Ridge Finance Corp (NASDAQ: LRFC) stock closed at $21.70 on 8/9/24 after a slight decline of -0.5%. Moreover, this decline was accompanied by unusually high trading volume at 192% of normal. The stock has declined -2.5% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
LRFC is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Logan Ridge Finance has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Logan Ridge Finance has a neutral Appreciation Score of 48 and a slightly negative Power Rating of 38, with the Low Neutral Value Trend Rating the result.
Be the first to comment