Recent exceptional negative changes in investment behavior have affected Strattec Security Corp (NASDAQ: STRT): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, the stock fell on very heavy volume, and negative upside/downside volume developed.
Recent slight negative changes in fundamentals have impacted Strattec Security Corp (NASDAQ: STRT): significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, STRT is expected to continue to be Value Creation neutral.
Strattec Security has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Strattec Security has a neutral Power Rating of 56 and a neutral Appreciation Score of 57, and the Neutral Value Trend Rating results.
Recent Price Action
Strattec Security Corp (NASDAQ: STRT) stock suffered a large decline of -6.9% on 4/15/24. The stock closed at $23.00. Moreover, exceptionally high trading volume at 247% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -7.7% during the last week.
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