Alert: Major Price Advance (9/6/24)-Quanex Building Products Corp (NYSE: NX).

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On 9/6/24, Quanex Building Products Corp (NYSE: NX) stock enjoyed a major increase of 21.8%, closing at $30.29. Moreover, exceptionally high trading volume at 350% of normal accompanied the advance. The stock has risen 9.2% during the last week but has been weak relative to the market over the last nine months.

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Current PriceTarget Research Rating

With future capital returns forecasted to exceed the cost of capital, NX is expected to continue to be a Value Builder.

Quanex Building Products has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Quanex Building Products has a neutral Appreciation Score of 59 and a neutral Power Rating of 44, with the Neutral Value Trend Rating the result.

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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