Recent extremely meaningful negative changes in investment behavior have impacted Stoneridge Inc. (NYSE: SRI): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and the stock fell on very heavy volume.
Stoneridge Inc. (NYSE: SRI) has recently experienced small negative changes in fundamentals: significant quarterly earnings deceleration occurred.
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
With future capital returns forecasted to be in line with the cost of capital, SRI is expected to continue to be Value Creation neutral.
Stoneridge has a current Value Trend Rating of F (Lowest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Stoneridge has a neutral Power Rating of 44 but a poor Appreciation Score of 20, and the Lowest Value Trend Rating results.
Recent Price Action
Stoneridge Inc. (NYSE: SRI) stock declined by -3.6% on 2/29/24. The shares closed at $17.57. Moreover, trading volume in this decline was exceptionally high at 286% of normal. The stock has performed in line with the market over the last nine months and has declined -3.7% during the last week.
Be the first to comment