Limbach Holdings Inc (NASDAQ: LMB) stock enjoyed a major increase of 10.4% on 5/21/24. The shares closed at $53.53. Moreover, this advance was accompanied by above average trading volume at 135% of normal. The stock has risen 6.1% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
LMB is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Limbach Holdings 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 very contradictory signals. Limbach Holdings has a poor Appreciation Score of 22 but a very high Power Rating of 97, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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