Recent Price Action
Movado Group Inc (NYSE: MOV) stock suffered a large decline of -9.8% on 11/30/23. The stock closed at $26.15. Moreover, trading volume in this decline was exceptionally high at 358% of normal. Relative to the market the stock has been strong over the last nine months but has declined -10.8% during the last week.
Current PriceTarget Research Rating
MOV’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Movado Group has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Movado Group has a neutral Power Rating of 50 but a good Appreciation Score of 80, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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