Quanex Building Products Corp (NYSE: NX) stock closed at $30.91 on 12/15/23 after a major decline of -10.9%. Moreover, exceptionally high trading volume at 830% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -3.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NX is expected to continue to be an important Value Builder.
Quanex Building Products 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. Quanex Building Products has a neutral Appreciation Score of 44 but a very high Power Rating of 97, with the Positive Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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