Robert W. Baird reissued their buy rating on shares of MFC Bancorp (NYSE:MFCB) in a research report sent to investors on Thursday. The brokerage currently has a $201.00 price target on the financial services provider’s stock.
Shares of MFC Bancorp (NYSE MFCB) traded down $0.12 on Thursday, hitting $7.65. 10,100 shares of the stock traded hands, compared to its average volume of 12,714. MFC Bancorp has a 1-year low of $7.15 and a 1-year high of $11.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.07 and a current ratio of 2.14.
A hedge fund recently bought a new stake in MFC Bancorp stock. 22NW LP bought a new position in shares of MFC Bancorp Ltd. (NYSE:MFCB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 29.84% of the company’s stock.
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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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