The Manitowoc Co Inc (NYSE: MTW). Extremely important negative changes in investment behavior have recently occurred: its shorter term price trend turned down, and the stock fell on very heavy volume.
Notable negative changes in The Manitowoc Co Inc (NYSE: MTW) fundamentals have recently occurred: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
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
Manitowoc 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. Manitowoc has a good Appreciation Score of 84 but a very low Power Rating of 4, leading to the Negative Value Trend Rating.
Recent Price Action
The Manitowoc Co Inc (NYSE: MTW) stock closed at $8.63 on 12/20/24 after a modest decline of -1.6%. Moreover, trading volume in this decline was exceptionally high at 255% of normal. The stock has declined -12.6% during the last week and has been weak relative to the market over the last nine months.
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