Alert: Positive Investment/Fundamental Signals (11/21/23)-Insteel Industries Inc (NYSE: IIIN)


Extremely significant positive changes in Insteel Industries Inc (NYSE: IIIN) investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.

Recent limited positive changes in fundamentals have benefitted Insteel Industries Inc (NYSE: IIIN). Positive developments: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70. Negative development: significant quarterly sales deceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, IIIN is expected to continue to be an important Value Builder.

Insteel Industries has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Insteel Industries has a neutral Appreciation Score of 53 but a good Power Rating of 74, triggering the Positive Value Trend Rating.

Recent Price Action

On 11/21/23, Insteel Industries Inc (NYSE: IIIN) stock declined slightly by -0.3%, closing at $33.46. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 11.1% during the last week.

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