Stock Rating Upgrade
Of late the Value Trend Rating for Middlefield Banc Corp (NASDAQ: MBCN) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 9/13/24, Middlefield Banc Corp (NASDAQ: MBCN) stock enjoyed a very large increase of 7.4%, closing at $28.68. Moreover, this advance was accompanied by above average trading volume at 136% of normal. Relative to the market the stock has been weak over the last nine months but has risen 12.4% during the last week.
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 C (Neutral). This VT Rating improved in recent days from D previously. This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Middlefield Banc has a neutral Appreciation Score of 48 and a neutral Power Rating of 51, producing the Neutral Value Trend Rating.
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