Stock Rating Upgrade
The Value Trend Rating for Logan Ridge Finance Corp (NASDAQ: LRFC) improved of late 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
On 9/27/24, Logan Ridge Finance Corp (NASDAQ: LRFC) stock declined slightly by -0.5%, closing at $23.95. Moreover, this decline was accompanied by above average trading volume at 128% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
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. The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Logan Ridge Finance has a neutral Appreciation Score of 47 and a neutral Power Rating of 41, leading to the Low Neutral Value Trend Rating.
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