Stock Rating Downgrade
The Value Trend Rating for Resources Connection Inc (NASDAQ: RGP) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 4/12/24, Resources Connection Inc (NASDAQ: RGP) stock declined modestly by -1.8%, closing at $11.61. However, trading volume in this decline was exceptionally low at 47% of normal. Relative to the market the stock has been weak over the last nine months but has risen 2.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, RGP is expected to continue to be a modest Value Builder.
Resources Connection has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Resources Connection has a slightly positive Appreciation Score of 60 but a poor Power Rating of 21, resulting in the Negative Value Trend Rating.
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