On 5/13/24, NL Industries Inc. (NYSE: NL) stock suffered a major decline of -17.5%, closing at $6.50. Moreover, trading volume in this decline was exceptionally high at 480% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -21.1% during the last week.
Current PriceTarget Research Rating
NL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
NL Industries has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. NL Industries has a slightly positive Appreciation Score of 62 and a very high Power Rating of 93, producing the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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