Stock Rating Downgrade
In the last week the Value Trend Rating for Strattec Security Corp (NASDAQ: STRT) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Strattec Security Corp (NASDAQ: STRT) stock rose modestly by 0.3% on 4/8/24. The stock closed at $25.00. However, trading volume in this advance was unusually low at 54% of normal. The stock has been strong relative to the market over the last nine months and has risen 5.4% 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, STRT is expected to continue to be Value Creation neutral.
Strattec Security has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Strattec Security has a neutral Power Rating of 57 and a neutral Appreciation Score of 58, with the Neutral Value Trend Rating the result.
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