Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Great Lakes Dredge & Dock Corp (NASDAQ: GLDD) weakened of late. GLDD’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Great Lakes Dredge & Dock Corp (NASDAQ: GLDD) stock declined by -2.4% on 3/21/25. The shares closed at $9.11. Moreover, this decline was accompanied by exceptionally high trading volume at 272% of normal. The stock has been strong relative to the market over the last nine months and has risen 16.2% during the last week.
Current PriceTarget Research Rating
Great Lakes Dredge & Dock has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Great Lakes Dredge & Dock has a neutral Power Rating of 59 and a slightly positive Appreciation Score of 62, producing the High Neutral Value Trend Rating.
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