On 12/14/23, The Eastern Co (NASDAQ: EML) stock suffered a major decline of -11.9%, closing at $22.94. Moreover, this decline was accompanied by unusually high trading volume at 158% of normal. Relative to the market the stock has been strong over the last nine months and has risen 24.4% during the last week.
Current PriceTarget Research Rating
EML’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a modest Value Builder.
Eastern has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Eastern has a neutral Appreciation Score of 59 but a good Power Rating of 70, resulting in the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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