Alert: Negative Investment/Fundamental Signals (12/15/23)-Methode Electronics Inc (NYSE: MEI)


Methode Electronics Inc (NYSE: MEI). Extremely significant negative changes in investment behavior have recently occurred: its shorter term price trend turned down, and the stock fell on very heavy volume.

Recent important negative changes in fundamentals have affected Methode Electronics Inc (NYSE: MEI): the consensus estimate for April, 2023 decreased significantly, and the consensus estimate for April, 2024 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

MEI is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.

Methode Electronics has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Methode Electronics has a neutral Appreciation Score of 55 but a very low Power Rating of 2, producing the Lowest Value Trend Rating.

Recent Price Action

Methode Electronics Inc (NYSE: MEI) stock declined modestly by -1.4% on 12/15/23. The stock closed at $22.28. Moreover, trading volume in this decline was exceptionally high at 377% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 0.7% during the last week.

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