On 12/22/23, Strattec Security Corp (NASDAQ: STRT) stock enjoyed a major increase of 11.6%, closing at $28.80. Moreover, exceptionally high trading volume at 323% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 31.9% during the last week.
Current PriceTarget Research Rating
STRT’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Strattec Security has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Strattec Security has a neutral Appreciation Score of 56 but a good Power Rating of 78, triggering the Positive Value Trend Rating.
Rating Review
In light of this very positive 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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