Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Methode Electronics Inc (NYSE: MEI) rose significantly from F to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 3/8/24, Methode Electronics Inc (NYSE: MEI) stock declined by -2.6%, closing at $14.12. Moreover, this decline was accompanied by exceptionally high trading volume at 321% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -33.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, MEI is expected to be Value Creation neutral.
Methode Electronics has a current Value Trend Rating of C (Low Neutral). This VT Rating improved modestly in recent days from F previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Methode Electronics has a good Appreciation Score of 75 but a poor Power Rating of 18, and the Low Neutral Value Trend Rating results.
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