Stock Rating Downgrade
The Value Trend Rating for Methode Electronics Inc (NYSE: MEI) weakened during the last several trading days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Methode Electronics Inc (NYSE: MEI) stock enjoyed a large increase of 4.5% on 4/8/24. The stock closed at $12.58. NORMAL trading volume accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 3.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, MEI is expected to be Value Creation neutral.
Methode Electronics has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Methode Electronics has a good Appreciation Score of 79 but a very low Power Rating of 1, triggering the Negative Value Trend Rating.
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