Middlefield Banc Corp (NASDAQ: MBCN) stock closed at $25.88 on 7/29/24 after a major decline of -10.3%. Trading volume in this decline was normal. The stock is unchanged during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, MBCN is expected to be Value Creation neutral.
Middlefield Banc has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Middlefield Banc has a neutral Appreciation Score of 48 but a poor Power Rating of 22, leading to the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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