The Shyft Group Inc (NASDAQ: SHYF) stock closed at $12.06 on 7/16/24 after a major increase of 10.6%. Moreover, trading volume in this advance was above average at 141% of normal. The stock has risen 12.0% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SHYF is expected to continue to be a modest Value Builder.
Shyft Group has a current Value Trend Rating of C (Low Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Shyft Group has a neutral Appreciation Score of 54 and a slightly negative Power Rating of 32, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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