Recent exceptional negative changes in investment behavior have affected Associated Capital Group Inc (NYSE: AC): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and the stock fell on very heavy volume.
Recent marginal negative changes in fundamentals have affected Associated Capital Group Inc (NYSE: AC): 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 be in line with the cost of capital, AC is expected to continue to be Value Creation neutral.
Associated Capital Group has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Associated Capital Group has a neutral Appreciation Score of 56 and a slightly negative Power Rating of 39, and the Low Neutral Value Trend Rating results.
Recent Price Action
On 7/5/24, Associated Capital Group Inc (NYSE: AC) stock suffered a large decline of -8.7%, closing at $29.65. Moreover, trading volume in this decline was exceptionally high at 272% of normal. Relative to the market the stock has been weak over the last nine months and has declined -13.0% during the last week.
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