Greene County Bancorp Inc (NASDAQ: GCBC) has benefited from extremely meaningful positive changes in investment behavior: the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Recent important positive changes in fundamentals have benefitted Greene County Bancorp Inc (NASDAQ: GCBC): the stock’s power rating rose above 70, and significant quarterly sales acceleration occurred.
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
With future capital returns forecasted to exceed the cost of capital, GCBC is expected to continue to be a Value Builder.
Greene County Bancorp 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 contradictory signals. Greene County Bancorp has a slightly negative Appreciation Score of 36 but a good Power Rating of 72, producing the Neutral Value Trend Rating.
Recent Price Action
Greene County Bancorp Inc (NASDAQ: GCBC) stock closed at $33.71 on 6/28/24 after a very large increase of 5.5%. Moreover, exceptionally high trading volume at 601% of normal accompanied the advance. The stock has risen 9.3% during the last week and has been strong relative to the market over the last nine months.
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