Alert: Positive Investment Signals (12/15/23)-AG Mortgage Investment Trust Inc (NYSE: MITT)


Extremely significant positive changes in AG Mortgage Investment Trust Inc (NYSE: MITT) investment behavior have recently occurred: its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.

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

MITT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.

AG Mortgage Investment Trust 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. AG Mortgage Investment Trust has a neutral Power Rating of 52 but a good Appreciation Score of 72, producing the High Neutral Value Trend Rating.

Recent Price Action

AG Mortgage Investment Trust Inc (NYSE: MITT) stock closed at $6.15 on 12/15/23 after a modest gain of 0.8%. Moreover, this advance was accompanied by exceptionally high trading volume at 247% of normal. The stock has performed in line with the market over the last nine months and has risen 7.3% during the last week.

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