Recent extremely meaningful negative changes in investment behavior have impacted Kingsway Financial Services Inc. (NYSE: KFS): 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 its longer term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
KFS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Kingsway Financial Services has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Kingsway Financial Services has a slightly positive Power Rating of 65 and a good Appreciation Score of 82, triggering the Highest Value Trend Rating.
Recent Price Action
Kingsway Financial Services Inc. (NYSE: KFS) stock declined slightly by -0.1% on 5/16/24. The stock closed at $7.99. Moreover, trading volume in this decline was exceptionally high at 236% of normal. The stock has declined -10.5% during the last week and has performed in line with the market over the last nine months.
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