Recent exceptional negative changes in investment behavior have affected Friedman Industries Inc (NYSEAMERICAN: FRD): the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.
Recent slight negative changes in fundamentals have impacted Friedman Industries Inc (NYSEAMERICAN: FRD): significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
FRD’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Friedman Industries has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Friedman Industries has a good Power Rating of 75 and a good Appreciation Score of 82, with the Highest Value Trend Rating the result.
Recent Price Action
Friedman Industries Inc (NYSEAMERICAN: FRD) stock suffered a large decline of -9.4% on 8/9/24. The stock closed at $15.35. Moreover, exceptionally high trading volume at 507% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -10.2% during the last week.
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