Dorman Products Inc (NASDAQ: DORM) has recently enjoyed extremely important positive changes in investment behavior: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Small positive changes in fundamentals have recently occurred for Dorman Products Inc (NASDAQ: DORM): 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
With future capital returns forecasted to exceed the cost of capital, DORM is expected to continue to be a Value Builder.
Dorman Products has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Dorman Products has a neutral Appreciation Score of 57 but a good Power Rating of 75, and the Positive Value Trend Rating results.
Recent Price Action
Dorman Products Inc (NASDAQ: DORM) stock rose modestly by 1.0% on 6/28/24. The stock closed at $91.48. Moreover, exceptionally high trading volume at 216% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months but has declined -0.8% during the last week.
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