The LGL Group Inc (NYSEAMERICAN: LGL) stock enjoyed a major increase of 13.0% on 12/21/23. The shares closed at $6.00. Moreover, exceptionally high trading volume at 899% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 16.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, LGL is expected to continue to be a modest Value Eraser.
LGL Group has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. LGL Group has a poor Appreciation Score of 21 but a good Power Rating of 71, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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