MGP Ingredients Inc (NASDAQ: MGPI) stock suffered a major decline of -24.2% on 10/18/24. The shares closed at $61.86. Moreover, trading volume in this decline was exceptionally high at 1389% of normal. The stock has performed in line with the market over the last nine months and has declined -22.4% during the last week.
Current PriceTarget Research Rating
MGPI’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
MGP Ingredients has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. MGP Ingredients has a good Appreciation Score of 75 but a neutral Power Rating of 41, leading to the Neutral Value Trend Rating.
Rating Review
In light of this highly negative 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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