Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Logan Ridge Finance Corp (NASDAQ: LRFC) weakened recently. LRFC’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
Logan Ridge Finance Corp (NASDAQ: LRFC) stock closed at $23.08 on 1/5/24 after a slight decline of -0.9%. However, trading volume in this decline was unusually low at 61% of normal. The stock has risen 0.9% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
LRFC’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
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, producing the High Neutral Value Trend Rating.
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