Extremely important negative changes in investment behavior have recently occurred for Simpson Manufacturing Co. Inc. (NYSE: SSD): the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Simpson Manufacturing Co. Inc. (NYSE: SSD). Meaningful negative changes in fundamentals have recently occurred. Negative developments: the stock’s power rating fell below 50, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
SSD is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Simpson Manufacturing Co has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Simpson Manufacturing Co has a neutral Appreciation Score of 44 and a neutral Power Rating of 42, and the Neutral Value Trend Rating results.
Recent Price Action
Simpson Manufacturing Co. Inc. (NYSE: SSD) stock declined by -2.7% on 8/5/24. The shares closed at $174.20. However, this decline was accompanied by below average trading volume at 70% of normal. The stock has been weak relative to the market over the last nine months and has declined -9.5% during the last week.
Be the first to comment