Extremely significant negative changes in Middlefield Banc Corp (NASDAQ: MBCN) investment behavior have recently occurred: its longer term price trend turned down, and negative upside/downside volume developed.
Recent notable negative changes in fundamentals have affected Middlefield Banc Corp (NASDAQ: MBCN): the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, MBCN is expected to continue to be Value Creation neutral.
Middlefield Banc has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Middlefield Banc has a neutral Appreciation Score of 46 and a neutral Power Rating of 51, triggering the Neutral Value Trend Rating.
Recent Price Action
Middlefield Banc Corp (NASDAQ: MBCN) stock closed at $23.70 on 3/4/24 after a decline of -3.7%. However, trading volume in this decline was unusually low at 63% of normal. The stock has declined -2.5% during the last week and has performed in line with the market over the last nine months.
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