The Eastern Co (NASDAQ: EML) has benefited from extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Recent marginal positive changes in fundamentals have benefitted The Eastern Co (NASDAQ: EML): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Eastern has a slightly negative Appreciation Score of 37 but a very high Power Rating of 96, and the Positive Value Trend Rating results.
Recent Price Action
The Eastern Co (NASDAQ: EML) stock closed at $25.47 on 6/28/24 after a large increase of 2.4%. Moreover, exceptionally high trading volume at 1837% of normal accompanied the advance. The stock is unchanged during the last week but has been exceptionally strong relative to the market over the last nine months.
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