Stock Rating Downgrade
The Value Trend Rating for Global Industrial Co (NYSE: GIC) weakened in the last week from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Global Industrial Co (NYSE: GIC) stock closed at $31.57 on 8/9/24 after a slight decline of -0.5%. However, this decline was accompanied by unusually low trading volume at 66% of normal. The stock has declined -8.9% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, GIC is expected to continue to be a major Value Builder.
Global Industrial has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Global Industrial has a slightly negative Power Rating of 39 and a slightly negative Appreciation Score of 33, with the Negative Value Trend Rating the result.
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