Harsco Corp (NYSE: HSC) has benefited from exceptional positive changes in investment behavior: its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and its shorter term price trend turned up.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
HSC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a modest Value Builder.
Harsco has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Harsco has a neutral Appreciation Score of 44 and a neutral Power Rating of 60, leading to the Neutral Value Trend Rating.
Recent Price Action
On 5/14/24, Harsco Corp (NYSE: HSC) stock increased 1.8%, closing at $8.29. However, this advance was accompanied by below average trading volume at 78% of normal. Relative to the market the stock has been strong over the last nine months and has risen 7.9% during the last week.
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