On 10/31/24, MGP Ingredients Inc (NASDAQ: MGPI) stock suffered a major decline of -14.7%, closing at $48.04. Moreover, exceptionally high trading volume at 497% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -16.7% 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 (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. MGP Ingredients has a good Appreciation Score of 80 but a slightly negative Power Rating of 38, leading to the High 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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