Schnitzer Steel Industries Inc (NASDAQ: RDUS) suffers from exceptional negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, and its shorter term price trend turned down.
Recent meaningful negative changes in fundamentals have impacted Schnitzer Steel Industries Inc (NASDAQ: RDUS): significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Schnitzer Steel Industries has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Schnitzer Steel Industries has a slightly positive Appreciation Score of 65 and a neutral Power Rating of 41, and the Neutral Value Trend Rating results.
Recent Price Action
On 12/16/24, Schnitzer Steel Industries Inc (NASDAQ: RDUS) stock declined by -2.5%, closing at $17.06. NORMAL trading volume accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -9.2% during the last week.
Be the first to comment