Stock Rating Downgrade
The Value Trend Rating for Espey Manufacturing & Electronic (NYSEAMERICAN: ESP) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 9/10/24, Espey Manufacturing & Electronic (NYSEAMERICAN: ESP) stock increased 1.5%, closing at $24.25. Trading volume in this advance was normal. Relative to the market the stock has been strong over the last nine months and has risen 4.5% during the last week.
Current PriceTarget Research Rating
ESP is expected to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Espey Manufacturing & Electronic 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. Espey Manufacturing & Electronic has a poor Appreciation Score of 28 but a neutral Power Rating of 56, producing the Negative Value Trend Rating.
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