Recent extremely meaningful negative changes in investment behavior have impacted National Presto Industries Inc. (NYSE: NPK): negative upside/downside volume developed, and the stock fell on very heavy volume.
National Presto Industries Inc. (NYSE: NPK) has recently experienced important negative changes in fundamentals: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, NPK is expected to continue to be a Value Builder.
National Presto Industries has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. National Presto Industries has a slightly negative Appreciation Score of 34 and a neutral Power Rating of 54, and the Low Neutral Value Trend Rating results.
Recent Price Action
On 6/21/24, National Presto Industries Inc. (NYSE: NPK) stock declined slightly by -0.2%, closing at $73.46. Moreover, exceptionally high trading volume at 1189% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -0.8% during the last week.
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