Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Weyco Group Inc (NASDAQ: WEYS) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 5/20/24, Weyco Group Inc (NASDAQ: WEYS) stock rose slightly by 0.2%, closing at $30.26. Moreover, this advance was accompanied by unusually high trading volume at 178% of normal. The stock has been strong relative to the market over the last nine months and has risen 5.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, WEYS is expected to continue to be a Value Builder.
Weyco Group has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Weyco Group has a neutral Appreciation Score of 58 and a slightly positive Power Rating of 62, with the High Neutral Value Trend Rating the result.
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