This small cap investment company has enjoyed a beautiful 20% increase in its share price since early April. The stocks are currently trading at $12.56, after reaching a yearly high of $12.76 a few days ago. This is a break above what was a resistance in June, also early 2023 and late 2022.

The shares are in an up trend with strong bullish momentum. The technical set up is also in support of buyers as we notice a Golden Cross formation. The 50 day SMA crossed above the 200 day SMA which usually has been a signal for a buying opportunity. The price also tested and bounced up and away from the 20 day SMA which is a further confirmation that bulls are in control.
In addition to the technical side of things, MFIC also exhibits favourable fundamentals. P/B is below 1! P/E is also relatively low at 15.39. With a market cap of $818M, the company sales are $243M and Income is $53M, which comes to a Profit Margin of 21.8%. In other words, for every $10 sale, the firm earns a net $2. To see our anticipated price swings for these shares, please visit out Go Premium section.