Stock Rating Downgrade
During the last several trading days the Value Trend Rating for The Eastern Co (NASDAQ: EML) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
The Eastern Co (NASDAQ: EML) stock closed at $22.80 on 12/15/23 after a slight decline of -0.6%. Trading volume in this decline was normal. The stock has risen 20.8% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, EML is expected to be a modest Value Builder.
Eastern has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Eastern has a neutral Appreciation Score of 52 but a good Power Rating of 73, with the High Neutral Value Trend Rating the result.
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