Mesabi Trust (NYSE: MSB). Meaningful positive changes in fundamentals have recently occurred: the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
Mesabi Trust (NYSE: MSB) has recently enjoyed meaningful positive changes in investment behavior: positive upside/downside volume developed.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to 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 B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Mesabi Trust has a neutral Appreciation Score of 57 but a good Power Rating of 75, and the Positive Value Trend Rating results.
Recent Price Action
On 10/25/24, Mesabi Trust (NYSE: MSB) stock declined slightly by -0.2%, closing at $24.83. However, below average trading volume at 70% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months but has declined -3.5% during the last week.
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