Extremely significant negative changes in Preformed Line Products Co (NASDAQ: PLPC) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, and the stock fell on very heavy volume.
Preformed Line Products Co (NASDAQ: PLPC). Meaningful negative changes in fundamentals have recently occurred: 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
Preformed Line Products has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Preformed Line Products has a slightly positive Appreciation Score of 69 and a neutral Power Rating of 45, triggering the Neutral Value Trend Rating.
Recent Price Action
On 12/20/24, Preformed Line Products Co (NASDAQ: PLPC) stock declined by -2.1%, closing at $124.19. Moreover, trading volume in this decline was exceptionally high at 320% of normal. The stock has performed in line with the market over the last nine months and has declined -6.1% during the last week.
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