Recent extremely meaningful positive changes in investment behavior have benefitted Mesabi Trust (NYSE: MSB): the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.
Mesabi Trust (NYSE: MSB) has benefited from notable positive changes in fundamentals: 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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Mesabi Trust has a slightly positive Appreciation Score of 65 but a slightly negative Power Rating of 32, and the Neutral Value Trend Rating results.
Recent Price Action
On 9/13/24, Mesabi Trust (NYSE: MSB) stock rose modestly by 0.5%, closing at $20.75. Moreover, trading volume in this advance was above average at 145% of normal. Relative to the market the stock has been weak over the last nine months but has risen 19.7% during the last week.
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