Stock Rating Downgrade
Of late the Value Trend Rating for Schnitzer Steel Industries Inc (NASDAQ: RDUS) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 10/25/24, Schnitzer Steel Industries Inc (NASDAQ: RDUS) stock declined by -2.4%, closing at $15.94. 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 -13.8% during the last week.
Current PriceTarget Research Rating
SCHN is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Schnitzer Steel Industries has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Schnitzer Steel Industries has a neutral Appreciation Score of 55 but a poor Power Rating of 16, leading to the Negative Value Trend Rating.
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