MGP Ingredients Inc (NASDAQ: MGPI). Meaningful negative changes in fundamentals have recently occurred: significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
Significant negative changes in investment behavior have recently occurred for MGP Ingredients Inc (NASDAQ: MGPI): negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
MGPI’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
MGP Ingredients has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. MGP Ingredients has a good Appreciation Score of 72 but a very low Power Rating of 8, leading to the Negative Value Trend Rating.
Recent Price Action
MGP Ingredients Inc (NASDAQ: MGPI) stock enjoyed a large increase of 3.7% on 11/8/24. The stock closed at $50.90. Moreover, this advance was accompanied by unusually high trading volume at 198% of normal. The stock has been weak relative to the market over the last nine months but has risen 6.0% during the last week.
Be the first to comment