Mesabi Trust stock trades under the ticker MSB & has shown recent bullish behavior that traders & investors should examine more closely.
MSB stock closed at $29.10/share on 6/7/2022.
Mesabi Trust MSB Stock’s Technical Performance Broken Down
MSB Stock Price: $29.10
10 Day Moving Average: $27.88
50 Day Moving Average: $25.69
200 Day Moving Average: $25.63
RSI: 70.2
MACD: 1.123
Yesterday, MSB stock’s 50 Day Moving Average broke out above their 200 Day MA, after a month of solid gains.
Their RSI is in overbought territory & their MACD is beginning to curl over bearishly, signaling that there may be a near-term dip that traders & investors can capitalize on as an entry-point.
They will need to break above the $29.88 & $30.92/share resistance levels as they continue to climb higher.
Mesabi Trust MSB Stock As A Long-Term Investment
Long-term oriented investors will like MSB stock’s P/E (ttm) of 4.91, but will find their P/B (mrq) of 10.97 to be high.
They recently reported 65.8% Quarterly Revenue Growth Y-o-Y, with 74.5% Quarterly Earnings Growth Y-o-Y.
Their Balance Sheet shows $47.73M of Total Cash (mrq).
MSB stock pays a 14.25% dividend yield, which may not be sustainable in the long-run as their payout ratio is 79.2%.
34.39% of MSB stock’s outstanding share float is owned by institutional investors.
Mesabi Trust MSB Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from MSB stock’s price movements, while hedging against market volatility.
I am looking at the contracts with the 6/17 expiration date.
The $20, $22.50 & $25 calls are all in-the-money, although the former 2 are much less liquid than the latter.
While it is out-of-the-money, the $30 calls are much more liquid than the three strikes mentioned above.
The $50, $45 & $30 puts also have the best liquidity of the strike prices that are in-the-money.
Tying It All Together
Investors & traders are sure to like many of MSB stock’s attributes.
Investors will like their dividend yield & low levels of reported debt, but they may need to be cautious about how long to expect the yield to be sustainable.
Traders will like their current momentum, but may be disappointed by how liquid their options are.
Overall, it is worth taking a closer look at MSB stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF MSB STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***