Stock Rating Downgrade
The Value Trend Rating for Astec Industries Inc. (NASDAQ: ASTE) weakened recently 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
Astec Industries Inc. (NASDAQ: ASTE) stock declined by -3.0% on 10/1/24. The shares closed at $30.98. However, below average trading volume at 80% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months and has declined -2.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ASTE is expected to be a Value Builder.
Astec Industries has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Astec Industries has a slightly positive Appreciation Score of 63 but a poor Power Rating of 22, triggering the Negative Value Trend Rating.
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