Recent exceptional negative changes in investment behavior have affected Standard Motor Products Inc. (NYSE: SMP): the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, its longer term price trend turned down, and negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SMP is expected to continue to be a Value Builder.
Standard Motor Products has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Standard Motor Products has a neutral Power Rating of 51 and a neutral Appreciation Score of 55, and the Neutral Value Trend Rating results.
Recent Price Action
Standard Motor Products Inc. (NYSE: SMP) stock declined by -2.1% on 3/1/24. The shares closed at $31.09. Moreover, exceptionally high trading volume at 203% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -8.6% during the last week.
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