Strattec Security Corp (NASDAQ: STRT) stock closed at $30.00 on 8/9/24 after a major increase of 26.1%. Moreover, trading volume in this advance was exceptionally high at 440% of normal. The stock has risen 22.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, STRT is expected to continue to be Value Creation neutral.
Strattec Security has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Strattec Security has a neutral Appreciation Score of 55 and a neutral Power Rating of 58, triggering the High Neutral Value Trend Rating.
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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