On 9/11/24, Mesabi Trust (NYSE: MSB) stock enjoyed a major increase of 23.9%, closing at $20.77. Moreover, trading volume in this advance was exceptionally high at 1111% of normal. Relative to the market the stock has been weak over the last nine months but has risen 20.6% during the last week.
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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Mesabi Trust has a good Appreciation Score of 74 but a poor Power Rating of 30, with the Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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