Stoneridge Inc. (NYSE: SRI) stock enjoyed a major increase of 11.7% on 7/11/24. The shares closed at $16.08. Moreover, unusually high trading volume at 158% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 5.5% during the last week.
Current PriceTarget Research Rating
SRI is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Stoneridge has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Stoneridge has a poor Appreciation Score of 26 and a poor Power Rating of 26, producing the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
Be the first to comment