Extremely important negative changes in investment behavior have recently occurred for Stoneridge Inc. (NYSE: SRI): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and its longer term price trend turned down.
Stoneridge Inc. (NYSE: SRI). Minimal negative changes in fundamentals have recently occurred: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
SRI is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Stoneridge 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. Stoneridge has a slightly negative Power Rating of 38 and a slightly negative Appreciation Score of 33, with the Negative Value Trend Rating the result.
Recent Price Action
On 8/12/24, Stoneridge Inc. (NYSE: SRI) stock declined by -3.4%, closing at $13.47. However, this decline was accompanied by normal trading volume at 83% of normal. Relative to the market the stock has been weak over the last nine months and has declined -18.4% during the last week.
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