Alert: Positive Investment/Fundamental Signals (4/3/24)-NL Industries Inc. (NYSE: NL)


NL Industries Inc. (NYSE: NL) has recently enjoyed extremely important positive changes in investment behavior: the stock rose on very heavy volume, and positive upside/downside volume developed.

NL Industries Inc. (NYSE: NL). Meaningful positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

NL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.

NL Industries has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. NL Industries has a slightly positive Appreciation Score of 62 and a good Power Rating of 71, leading to the Positive Value Trend Rating.

Recent Price Action

NL Industries Inc. (NYSE: NL) stock enjoyed a large increase of 2.1% on 4/3/24. The stock closed at $8.27. Moreover, this advance was accompanied by exceptionally high trading volume at 203% of normal. The stock has been strong relative to the market over the last nine months and has risen 16.5% during the last week.

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