Alert: Positive Investment/Fundamental Signals (6/28/24)-Limbach Holdings Inc (NASDAQ: LMB)

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Limbach Holdings Inc (NASDAQ: LMB). Extremely significant positive changes in investment behavior have recently occurred: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.

Significant positive changes in Limbach Holdings Inc (NASDAQ: LMB) fundamentals have recently occurred: the consensus estimate for December, 2025 increased significantly, and the consensus estimate for December, 2024 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

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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 (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 17 but a very high Power Rating of 93, producing the Neutral Value Trend Rating.

Recent Price Action

On 6/28/24, Limbach Holdings Inc (NASDAQ: LMB) stock rose modestly by 0.4%, closing at $56.93. Moreover, this advance was accompanied by exceptionally high trading volume at 377% of normal. The stock has risen 3.2% during the last week and has been exceptionally strong relative to the market over the last nine months.

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