MFD Stock Summary and Trading Ideas (Mac/First Global Infrastructure C | NYSE:MFD)

The investment objective of the Fund is to seek a high level of current return consisting of dividends, interest and other similar income while attempting to preserve capital. The Fund seeks to achieve its investment objective by investing predominantly in the securities of companies that are involved in the management, ownership and/or operation of infrastructure and utility assets and are expected to offer reasonably predictable income and attractive yields. A typical profile of an infrastructure business would be one whose assets provide essential public services which are difficult to replace, have a strategic competitive advantage, demonstrate inelastic demand, and have low sensitivity to cyclical volatility, courtesy of their essential nature and high margins.

Mac/First Global Infrastructure C trades on the NYSE stock market under the symbol MFD.

As of April 18, 2024, MFD stock price was flat at $7.06 with 18,552 million shares trading.

MFD has a beta of 0.78, meaning it tends to be less sensitive to market movements. MFD has a correlation of 0.27 to the broad based SPY ETF.

MFD has a market cap of $60.34 million. This is considered a Micro Cap stock.

In the last 3 years, MFD stock traded as high as $11.05 and as low as $6.63.

MFD has underperformed the market in the last year with a price return of -7.3% while the SPY ETF gained +22.3%. MFD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.5% and -6.1%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

MFD support price is $6.97 and resistance is $7.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MFD stock will trade within this expected range on the day.