Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Kadant Inc. (NYSE: KAI) improved in the last week. KAI’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Kadant Inc. (NYSE: KAI) stock enjoyed a large increase of 2.3% on 11/29/24. The stock closed at $412.79. Moreover, unusually high trading volume at 170% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 5.1% during the last week.
Current PriceTarget Research Rating
Kadant has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Kadant has a poor Appreciation Score of 17 but a good Power Rating of 75, resulting in the Low Neutral Value Trend Rating.
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