Fidelity D & D Bancorp Inc (NASDAQ: FDBC) has benefited from extremely meaningful positive changes in investment behavior: its shorter term price trend turned up, its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Recent marginal positive changes in fundamentals have benefitted Fidelity D & D Bancorp Inc (NASDAQ: FDBC): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
FDBC is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Fidelity D & D Bancorp has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Fidelity D & D Bancorp has a neutral Appreciation Score of 44 and a slightly negative Power Rating of 31, producing the Negative Value Trend Rating.
Recent Price Action
On 7/16/24, Fidelity D & D Bancorp Inc (NASDAQ: FDBC) stock enjoyed a very large increase of 7.5%, closing at $54.80. Moreover, trading volume in this advance was exceptionally high at 476% of normal. Relative to the market the stock has been weak over the last nine months but has risen 31.2% during the last week.
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