On 12/5/23, Merit Medical Systems Inc (NASDAQ: MMSI) stock suffered a major decline of -11.4%, closing at $65.53. Moreover, trading volume in this decline was exceptionally high at 797% of normal. The stock has performed in line with the market over the last nine months and has declined -8.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, MMSI is expected to continue to be an important Value Builder.
Merit Medical Systems has a current Value Trend Rating of F (Lowest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Merit Medical Systems has a neutral Power Rating of 42 but a poor Appreciation Score of 19, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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