Recent exceptional negative changes in investment behavior have affected ASGN Inc (NYSE: ASGN): the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.
ASGN Inc (NYSE: ASGN) suffers from slight negative changes in fundamentals: the stock’s power rating fell below 50.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
ASGN’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
ASGN has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. ASGN has a neutral Power Rating of 42 but a poor Appreciation Score of 26, resulting in the Negative Value Trend Rating.
Recent Price Action
ASGN Inc (NYSE: ASGN) stock suffered a large decline of -8.9% on 7/25/24. The stock closed at $92.77. Moreover, this decline was accompanied by exceptionally high trading volume at 217% of normal. The stock has performed in line with the market over the last nine months and has declined -10.4% during the last week.
Be the first to comment