Logan Ridge Finance Corp (NASDAQ: LRFC) stock closed at $23.79 on 9/13/24 after a major increase of 10.7%. Moreover, trading volume in this advance was exceptionally high at 1234% of normal. The stock has risen 11.0% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
LRFC is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Logan Ridge Finance 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. Logan Ridge Finance has a neutral Appreciation Score of 46 and a slightly negative Power Rating of 38, triggering the Negative Value Trend Rating.
Rating Review
In light of this very positive 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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