Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for First Community Corp (NASDAQ: FCCO) weakened during the last several trading days. FCCO's current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
First Community Corp (NASDAQ: FCCO) stock declined slightly by -0.4% on 3/18/24. The stock closed at $16.94. However, this decline was accompanied by below average trading volume at 70% of normal. The stock has performed in line with the market over the last nine months and has declined -1.0% during the last week.
Current PriceTarget Research Rating
FCCO's future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
First Community 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 highly consistent signals. First Community has a neutral Appreciation Score of 60 and a slightly positive Power Rating of 64, with the High Neutral Value Trend Rating the result.