Stock Rating Downgrade
In recent days the Value Trend Rating for Insteel Industries Inc (NYSE: IIIN) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Insteel Industries Inc (NYSE: IIIN) stock declined by -3.5% on 8/1/24. The shares closed at $33.06. However, trading volume in this decline was below average at 71% of normal. The stock has been weak relative to the market over the last nine months but has risen 2.7% during the last week.
Current PriceTarget Research Rating
IIIN is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Insteel Industries 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. Insteel Industries has a neutral Appreciation Score of 44 but a poor Power Rating of 27, leading to the Negative Value Trend Rating.
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