Alert: Major Price Advance (10/17/19)-Akorn Inc (NASDAQ: AKRX).

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Akorn Inc (NASDAQ: AKRX) stock enjoyed a major increase of 13.8% on 10/17/19. The shares closed at $4.70. Trading volume in this advance was normal. The stock has performed in line with the market over the last nine months and has risen 20.8% during the last week.

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Current PriceTarget Research Rating

AKRX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.

Akorn has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Akorn has a neutral Appreciation Score of 52 but a poor Power Rating of 23, and the Negative Value Trend Rating results.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.

About John Lafferty 54938 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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