Alert: Rating Upgrade (12/22/23)-The Eastern Co (NASDAQ: EML).


Stock Rating Upgrade

In the last week the Value Trend Rating for The Eastern Co (NASDAQ: EML) improved from C to B reflecting improving fundamentals and high Appreciation Potential.


Recent Price Action

On 12/22/23, The Eastern Co (NASDAQ: EML) stock enjoyed a large increase of 2.2%, closing at $21.41. Moreover, trading volume in this advance was above average at 129% of normal. Relative to the market the stock has been strong over the last nine months but has declined -6.7% during the last week.

Current PriceTarget Research Rating

EML is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Eastern has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Eastern has a neutral Appreciation Score of 56 but a good Power Rating of 76, triggering the Positive Value Trend Rating.

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