Stock Rating Upgrade
The Value Trend Rating for Magyar Bancorp Inc (NASDAQ: MGYR) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Magyar Bancorp Inc (NASDAQ: MGYR) stock rose slightly by 0.2% on 11/8/24. The stock closed at $12.45. However, exceptionally low trading volume at 10% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 1.1% during the last week.
Current PriceTarget Research Rating
MGYR is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Magyar Bancorp has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Magyar Bancorp has a neutral Appreciation Score of 56 but a good Power Rating of 71, with the Positive Value Trend Rating the result.
Be the first to comment