Alert: Rating Upgrade (8/9/24)-The Shyft Group Inc (NASDAQ: SHYF).

Stock Rating Upgrade

Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for The Shyft Group Inc (NASDAQ: SHYF) improved in the last week. SHYF’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.

Recent Price Action

On 8/9/24, The Shyft Group Inc (NASDAQ: SHYF) stock declined slightly by -0.6%, closing at $13.58. However, this decline was accompanied by unusually low trading volume at 60% of normal. Relative to the market the stock has been strong over the last nine months but has declined -11.1% during the last week.

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 VT Rating improved in recent days from D previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Shyft Group has a neutral Power Rating of 50 and a slightly negative Appreciation Score of 40, producing the Low Neutral Value Trend Rating.