Extremely significant negative changes in Standard Motor Products Inc. (NYSE: SMP) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, the stock fell on very heavy volume, and its longer term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SMP is expected to continue to be a Value Builder.
Standard Motor Products has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Standard Motor Products has a neutral Appreciation Score of 51 and a neutral Power Rating of 59, with the Neutral Value Trend Rating the result.
Recent Price Action
On 2/26/24, Standard Motor Products Inc. (NYSE: SMP) stock declined by -3.7%, closing at $32.15. Moreover, this decline was accompanied by exceptionally high trading volume at 261% of normal. Relative to the market the stock has been strong over the last nine months but has declined -21.9% during the last week.
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