Recent exceptional positive changes in investment behavior have benefitted Ohio Valley Banc Corp. (NASDAQ: OVBC): its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and positive upside/downside volume developed.
Marginal positive changes in fundamentals have recently occurred for Ohio Valley Banc Corp. (NASDAQ: OVBC): 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
OVBC’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Ohio Valley Banc has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Ohio Valley Banc has a good Appreciation Score of 70 but a neutral Power Rating of 48, with the High Neutral Value Trend Rating the result.
Recent Price Action
Ohio Valley Banc Corp. (NASDAQ: OVBC) stock increased 1.5% on 9/20/24. The shares closed at $25.12. Moreover, unusually high trading volume at 190% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 8.6% during the last week.
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