Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Magyar Bancorp Inc (NASDAQ: MGYR) weakened during the last several trading days. MGYR’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 11/15/24, Magyar Bancorp Inc (NASDAQ: MGYR) stock declined slightly by -0.2%, closing at $12.87. Moreover, trading volume in this decline was unusually high at 150% of normal. Relative to the market the stock has been strong over the last nine months and has risen 3.5% during the last week.
Current PriceTarget Research Rating
Magyar Bancorp has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Magyar Bancorp has a neutral Appreciation Score of 53 but a good Power Rating of 73, with the High Neutral Value Trend Rating the result.
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