Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Logan Ridge Finance Corp (NASDAQ: LRFC) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Logan Ridge Finance Corp (NASDAQ: LRFC) stock closed at $25.20 on 11/8/24 after a modest gain of 0.8%. Moreover, trading volume in this advance was above average at 145% of normal. The stock has performed in line with the market over the last nine months and has declined -1.2% during the last week.
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 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. Logan Ridge Finance has a neutral Appreciation Score of 48 and a neutral Power Rating of 52, triggering the Neutral Value Trend Rating.
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