Materion Corp (NYSE: MTRN) stock enjoyed a major increase of 10.9% on 8/6/24. The shares closed at $114.65. Moreover, this advance was accompanied by exceptionally high trading volume at 209% of normal. The stock has been weak relative to the market over the last nine months and has declined -4.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MTRN is expected to continue to be an important Value Builder.
Materion has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Materion has a neutral Appreciation Score of 47 and a neutral Power Rating of 44, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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