Miller Industries Inc/TN (NYSE: MLR) stock enjoyed a major increase of 10.8% on 3/7/24. The shares closed at $49.95. Moreover, exceptionally high trading volume at 356% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 12.1% during the last week.
Current PriceTarget Research Rating
MLR’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.
Miller Industries has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Miller Industries has a poor Appreciation Score of 30 but a good Power Rating of 76, resulting in the Neutral Value Trend Rating.
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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