Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Logan Ridge Finance Corp (NASDAQ: LRFC) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 1/12/24, Logan Ridge Finance Corp (NASDAQ: LRFC) stock increased 1.5%, closing at $22.95. However, this advance was accompanied by unusually low trading volume at 63% of normal. Relative to the market the stock has been strong over the last nine months but has declined -1.5% during the last week.
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 B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR 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 Positive Value Trend Rating.
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