Recent extremely meaningful positive changes in investment behavior have benefitted ESCO Technologies Inc. (NYSE: ESE): its shorter term price trend turned up, its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ESE is expected to continue to be a Value Builder.
ESCO Technologies has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ESCO Technologies has a slightly negative Appreciation Score of 31 and a neutral Power Rating of 50, resulting in the Negative Value Trend Rating.
Recent Price Action
ESCO Technologies Inc. (NYSE: ESE) stock rose modestly by 0.5% on 7/15/24. The stock closed at $117.53. Moreover, exceptionally high trading volume at 282% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 14.3% during the last week.
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