Alert: Positive Investment/Fundamental Signals (12/7/23)-OFS Capital Corporation (NASDAQ: OFS)


Recent extremely meaningful positive changes in investment behavior have benefitted OFS Capital Corporation (NASDAQ: OFS): the stock rose on very heavy volume, and its shorter term price trend turned up.

OFS Capital Corporation (NASDAQ: OFS) has recently enjoyed important positive changes in fundamentals: significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2024 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, OFS is expected to continue to be a Value Builder.

OFS Capital has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. OFS Capital has a slightly positive Appreciation Score of 65 and a very high Power Rating of 89, resulting in the Highest Value Trend Rating.

Recent Price Action

OFS Capital Corporation (NASDAQ: OFS) stock closed at $11.27 on 12/7/23 after a large increase of 2.9%. Moreover, this advance was accompanied by exceptionally high trading volume at 267% of normal. Relative to the market the stock has been strong over the last nine months and has risen 5.6% during the last week.

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