Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Methode Electronics Inc (NYSE: MEI) improved of late. MEI’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Methode Electronics Inc (NYSE: MEI) stock declined modestly by -1.8% on 8/9/24. The stock closed at $10.12. However, this decline was accompanied by exceptionally low trading volume at 30% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -14.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, MEI is expected to be Value Creation neutral.
Methode Electronics has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Methode Electronics has a good Appreciation Score of 81 but a very low Power Rating of 9, producing the Low Neutral Value Trend Rating.
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