Stock Rating Downgrade
Recently the Value Trend Rating for Patrick Industries Inc (NASDAQ: PATK) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 3/7/25, Patrick Industries Inc (NASDAQ: PATK) stock rose modestly by 0.9%, closing at $88.33. However, this advance was accompanied by below average trading volume at 78% of normal. Relative to the market the stock has been strong over the last nine months but has declined -1.4% during the last week.
Current PriceTarget Research Rating
Patrick Industries has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Patrick Industries has a poor Appreciation Score of 20 but a slightly positive Power Rating of 67, leading to the Negative Value Trend Rating.
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