On 5/7/24, The Eastern Co (NASDAQ: EML) stock suffered a major decline of -11.0%, closing at $28.06. Moreover, trading volume in this decline was unusually high at 176% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -11.0% during the last week.
Current PriceTarget Research Rating
EML’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to be a modest Value Builder.
Eastern has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Eastern has a slightly negative Appreciation Score of 33 but a very high Power Rating of 98, triggering the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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