Extremely important positive changes in investment behavior have recently occurred for Franklin Financial Services Corp (NASDAQ: FRAF): its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and its shorter term price trend turned up.
Positive development: significant quarterly sales acceleration occurred. Negative development: the stock’s power rating fell below 50.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
FRAF is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Franklin Financial Services has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Franklin Financial Services has a slightly positive Appreciation Score of 67 and a neutral Power Rating of 44, resulting in the Neutral Value Trend Rating.
Recent Price Action
On 4/24/24, Franklin Financial Services Corp (NASDAQ: FRAF) stock rose modestly by 1.0%, closing at $30.14. Trading volume in this advance was normal. Relative to the market the stock has been weak over the last nine months but has risen 13.9% during the last week.
Be the first to comment