Stock Rating Downgrade
During the last several trading days the Value Trend Rating for OFS Capital Corporation (NASDAQ: OFS) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 5/20/24, OFS Capital Corporation (NASDAQ: OFS) stock declined by -3.8%, closing at $9.59. Moreover, this decline was accompanied by unusually high trading volume at 173% of normal. Relative to the market the stock has been weak over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, OFS is expected to continue to be a Value Builder.
OFS Capital has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. OFS Capital has a slightly positive Appreciation Score of 61 but a poor Power Rating of 23, and the Negative Value Trend Rating results.
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