The Shyft Group Inc (NASDAQ: SHYF) has recently experienced extremely important negative changes in investment behavior: negative upside/downside volume developed, and its shorter term price trend turned down.
Recent important negative changes in fundamentals have impacted The Shyft Group Inc (NASDAQ: SHYF): 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
Shyft Group 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 highly consistent signals. Shyft Group has a neutral Appreciation Score of 53 and a neutral Power Rating of 57, producing the Neutral Value Trend Rating.
Recent Price Action
The Shyft Group Inc (NASDAQ: SHYF) stock declined by -4.9% on 12/27/24. The shares closed at $11.33. Trading volume in this decline was normal. The stock has declined -8.0% during the last week but has been strong relative to the market over the last nine months.
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