Neogen Corp (NASDAQ: NEOG) has reported a loss for its second fiscal quarter (ending November 30) of $-0.02 versus a loss $-0.19 for the same period a year ago. For the latest four quarters through November 30, E.P.S. were $0.06 compared to $-0.04 a year ago.
Recent Price Action
Neogen Corp (NASDAQ: NEOG) stock closed at $18.18 on 1/9/24 after a large decline of -8.4%. Moreover, trading volume in this decline was exceptionally high at 374% of normal. The stock has performed in line with the market over the last nine months and has declined -9.6% 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, NEOG is expected to continue to be Value Creation neutral.
Neogen has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Neogen has a poor Appreciation Score of 30 but a neutral Power Rating of 55, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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