Recent extremely meaningful positive changes in investment behavior have benefitted NL Industries Inc. (NYSE: NL): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
NL Industries Inc. (NYSE: NL) has recently enjoyed minimal positive changes in fundamentals: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
NL’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
NL Industries has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. NL Industries has a neutral Power Rating of 51 but a good Appreciation Score of 72, resulting in the High Neutral Value Trend Rating.
Recent Price Action
NL Industries Inc. (NYSE: NL) stock increased 1.4% on 3/12/24. The shares closed at $6.34. Moreover, this advance was accompanied by unusually high trading volume at 185% of normal. The stock has performed in line with the market over the last nine months and has risen 18.7% during the last week.
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