Methode Electronics Inc (NYSE: MEI) stock enjoyed a major increase of 10.4% on 11/6/24. The shares closed at $10.22. Trading volume in this advance was normal. The stock has been extremely weak relative to the market over the last nine months but has risen 8.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, MEI is expected to be Value Creation neutral.
Methode Electronics has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Methode Electronics has a good Appreciation Score of 84 but a poor Power Rating of 21, producing the Neutral Value Trend Rating.
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.
Be the first to comment