MFC Bancorp (MFCB) Earns Buy Rating from Robert W. Baird
MFC Bancorp (NYSE:MFCB)‘s stock had its “buy” rating reissued by investment analysts at Robert W. Baird in a note issued to investors on Thursday. They currently have a $201.00 price objective on the financial services provider’s stock.
MFC Bancorp (MFCB) opened at $7.74 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 2.07. MFC Bancorp has a 1-year low of $7.15 and a 1-year high of $11.35.
A hedge fund recently bought a new stake in MFC Bancorp stock. 22NW LP bought a new position in MFC Bancorp Ltd. (NYSE:MFCB) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 124,220 shares of the financial services provider’s stock, valued at approximately $1,167,000. 22NW LP owned 0.99% of MFC Bancorp as of its most recent filing with the SEC. 29.84% of the stock is owned by hedge funds and other institutional investors.
About MFC Bancorp
MFC Bancorp Ltd., formerly FC Industrial Ltd., is a finance and supply chain company. The Company facilitates the working capital and other requirements of its customers. Its business activities involve customized structured financial solutions and are supported by captive sources and products secured from third parties.
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