Great Lakes Dredge & Dock Corp (NASDAQ: GLDD) stock closed at $8.75 on 5/7/24 after a major increase of 24.3%. Moreover, this advance was accompanied by exceptionally high trading volume at 479% of normal. The stock has performed in line with the market over the last nine months and has risen 23.2% during the last week.
Current PriceTarget Research Rating
GLDD’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to be a Value Builder.
Great Lakes Dredge & Dock 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. Great Lakes Dredge & Dock has a neutral Appreciation Score of 53 and a neutral Power Rating of 46, and the Neutral Value Trend Rating results.
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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