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Value Line Inc. reported strong earnings but saw its stock price fall and rating downgraded to "hold."
Value Line Inc., an investment research firm, reported strong quarterly earnings of $0.55 per share, with a net margin of 62.02%.
The company's stock price dipped $0.55 to $39.60 on Friday, trading below both its 50-day and 200-day moving averages.
Value Line also announced an annualized dividend of $1.20, yielding 3.03%.
Despite these figures, StockNews.com downgraded the company's rating from "buy" to "hold."
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Value Line Inc. informó de fuertes ganancias, pero vio su precio de acciones caer y la calificación degradada a "mantener".