Analysts at Zacks Investment Research downgraded shares of Marlin Business Services Corp. (NASDAQ: MRLN) from Buy to Hold in a research note to investors today.Zacks Investment Research currently has a rating of Hold on the stock. The one-year price target of $22.00 is higher than the opening price of $18.32, resulting a fair amount of other analysts to comment on the company in recent days. Looking back over the last 52 weeks, Marlin Business Services Corp. stock has a high of $19.29. Downgrades occur when analysts believe that the future prospects for the security have weakened from the original recommendation, often due to a material and integral digression in the company’s operations, future outlook or industry.
U.S. stocks on Monday closed mostly flat, after trading firmly higher, in a volatile session ahead of the start of a pair of closely watched central-bank policy meetings.
The Dow Jones Industrial Average DJIA, -0.02% closed down 3.63 points at 18,120.17.
The blue-chip index had been up by as much as 131 points earlier and traded within a 162-point range.
The S&P 500 SPX, +0.00% slipped 0.04 points to close at 2,139.12, after trading within an 18-point range
Meanwhile, the Nasdaq Composite Index COMP, -0.18% declined 9.54 points, or 0.2%, to close at 5,235.03.
Earlier, the Nasdaq Composite Index had been up by as many as 37 points and traded with a 58-point range
Shares of Marlin Business Services Corp. (NASDAQ: MRLN) opened at $18.32 yesterday trading between $17.81 and $18.80, and last traded at $18.28.
Marlin Business Services Corp. (NASDAQ: MRLN) currently has a market cap of 222.01M.
The stock’s average daily volume is 27,334 shares out of a total float 8,228,000 and some 4,271 shares traded hands yesterday, 89 percent below the average. Investors often use swings in trading volume to identify substantial volume growth or distribution by institutional investors, so trading volume is likely to increase in the next few days.
However, just a day of high volume buy side trading is not enough to assert a trend. As such, market traders will continue to look for institutional sponsorship as a cue that financial institutions are moving forward.
Institutional sponsorship commonly refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors retain teams of analysts that investigate thousands of stocks, so it is good validation to see them buying a stock you’re researching.
By identifying trends, moving averages allow investors to make those trends work in their favor and increase the number of winning trades.
Trades for Marlin Business Services Corp. (NASDAQ: MRLN) have ranged from $13.46 – 19.29, and the stock now has a 50-day MA of $18.39 and 200-day MA of $16.02. Today’s last price is 0.05% below the 52 week high of $19.29.
Indeed, earnings growth is among the most critical things to look at in regards to stock investing and, accordingly, investors seek companies that have increased their earnings at least 25% or more over a 3 year period.
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