Recent exceptional negative changes in investment behavior have affected Global Indemnity Group LLC (NYSE: GBLI): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, the stock fell on very heavy volume, and negative upside/downside volume developed.
Positive development: significant quarterly earnings acceleration occurred. Negative development: significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
GBLI’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Global Indemnity Group has a current Value Trend Rating of D (Negative). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Global Indemnity Group has a neutral Appreciation Score of 41 and a slightly negative Power Rating of 40, producing the Negative Value Trend Rating.
Recent Price Action
On 6/21/24, Global Indemnity Group LLC (NYSE: GBLI) stock declined by -4.6%, closing at $30.50. Moreover, exceptionally high trading volume at 822% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -4.7% during the last week.
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