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Berkshire Bancorp Inc. (BERK) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of Berkshire Bancorp Inc. (OTCMKTS:BERK) from a hold rating to a buy rating in a research note published on Tuesday morning.

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Berkshire Bancorp (OTCMKTS BERK) opened at 12.469 on Tuesday. The company has a market cap of $179.75 million, a P/E ratio of 27.284 and a beta of 0.30. The stock’s 50 day moving average is $10.67 and its 200 day moving average is $10.62. Berkshire Bancorp has a 12-month low of $7.78 and a 12-month high of $14.00.

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About Berkshire Bancorp

Berkshire Bancorp Inc is a bank holding company. The Company’s principal activity is the ownership and management of its subsidiary, The Berkshire Bank (the Bank), which is a New York State chartered commercial bank. The Bank provides services to high net worth individuals, and to small and mid-sized commercial businesses primarily in the New York City metropolitan area.

To view ValuEngine’s full report, visit ValuEngine’s official website.