Recent important negative changes in fundamentals have affected Resources Connection Inc (NASDAQ: RGP): significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, and the consensus estimate for May, 2024 decreased significantly.
Important negative changes in Resources Connection Inc (NASDAQ: RGP) investment behavior have recently occurred: its shorter term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
RGP is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Resources Connection has a current Value Trend Rating of F (Lowest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Resources Connection has a neutral Appreciation Score of 59 but a poor Power Rating of 18, triggering the Lowest Value Trend Rating.
Recent Price Action
Resources Connection Inc (NASDAQ: RGP) stock declined by -5.0% on 8/7/24. The shares closed at $10.17. However, this decline was accompanied by exceptionally low trading volume at 41% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -14.8% during the last week.
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