On 11/22/24, Friedman Industries Inc (NYSEAMERICAN: FRD) stock enjoyed a major increase of 11.2%, closing at $15.08. Moreover, trading volume in this advance was above average at 136% of normal. Relative to the market the stock has been weak over the last nine months but has risen 2.7% during the last week.
Current PriceTarget Research Rating
Friedman Industries has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Friedman Industries has a very high Appreciation Score of 86 but a poor Power Rating of 29, with the Neutral Value Trend Rating the result.
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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