Methode Electronics Inc (NYSE: MEI) stock enjoyed a major increase of 45.8% on 7/11/24. The shares closed at $13.76. Moreover, this advance was accompanied by exceptionally high trading volume at 495% of normal. The stock has risen 37.6% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, MEI is expected to be Value Creation neutral.
Methode Electronics has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Methode Electronics has a very high Appreciation Score of 85 but a very low Power Rating of 0, with the Negative Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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