Stock Rating Downgrade
Recently the Value Trend Rating for Middlefield Banc Corp (NASDAQ: MBCN) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 9/10/24, Middlefield Banc Corp (NASDAQ: MBCN) stock increased 1.4%, closing at $26.23. However, this advance was accompanied by exceptionally low trading volume at 42% of normal. Relative to the market the stock has been weak over the last nine months and has declined -6.2% 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). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Middlefield Banc has a neutral Appreciation Score of 53 and a slightly negative Power Rating of 32, and the Negative Value Trend Rating results.
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