On 8/23/24, Middlefield Banc Corp (NASDAQ: MBCN) stock enjoyed a major increase of 12.2%, closing at $27.48. NORMAL trading volume accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 12.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, MBCN is expected to be Value Creation neutral.
Middlefield Banc has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Middlefield Banc has a neutral Appreciation Score of 50 but a poor Power Rating of 26, triggering the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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