On 3/7/24, Methode Electronics Inc (NYSE: MEI) stock suffered a major decline of -31.1%, closing at $14.49. Moreover, this decline was accompanied by exceptionally high trading volume at 848% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -31.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, MEI is expected to be Value Creation neutral.
Methode Electronics has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Methode Electronics has a neutral Appreciation Score of 57 but a very low Power Rating of 7, with the Lowest Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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