Stock Rating Downgrade
In the last week the Value Trend Rating for Logan Ridge Finance Corp (NASDAQ: LRFC) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 12/22/23, Logan Ridge Finance Corp (NASDAQ: LRFC) stock increased 1.7%, closing at $23.20. However, this advance was accompanied by unusually low trading volume at 55% of normal. The stock has risen 6.8% during the last week and has been strong relative to the market over the last nine months.
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 (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Logan Ridge Finance has a neutral Appreciation Score of 41 but a very high Power Rating of 86, resulting in the High Neutral Value Trend Rating.
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