The Auburn National Bancorporation Inc. (AUBN) shares are trading at higher $63.40.
To add more color to this target, the company’s high over the last year is $65.00 and the low is $22.51. Over the last 52 weeks, AUBN is down -2.46% while the S&P 500 is up 1.07%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, AUBN reported a profit of $6.21 million. Auburn National Bancorporation Inc. also saw revenues increase to $7.25 million. In addition, AUBN has free cash flow of $1.71 million as of 03-2020.
AUBN booked profit margins of 30.10%, its Return on Equity (ROE) is 9.20%, and its Return on Assets is 1.10%. All told, it is clear that, AUBN needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. AUBN has a short ratio of 2.53 and outstanding shares of 3.57M.
AUBN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 11610.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.52. Investors should also keep an eye on sector updates as AUBN has historically followed its peers on positive news.
All told, Auburn National Bancorporation Inc. AUBN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, AUBN represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Auburn National Bancorporation Inc. AUBN is now commanding a market cap of 218.10M and a float of 2.28M. AUBN is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of AUBN stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in AUBN, either long or short, and we have not been compensated for this article.