Great Lakes Dredge & Dock Corp (NASDAQ: GLDD) has recently experienced extremely meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and its longer term price trend turned down.
Marginal negative changes in fundamentals have recently occurred for Great Lakes Dredge & Dock Corp (NASDAQ: GLDD): the stock’s power rating fell below 50.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
GLDD’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to be a Value Builder.
Great Lakes Dredge & Dock has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Great Lakes Dredge & Dock has a neutral Power Rating of 50 and a neutral Appreciation Score of 46, and the Low Neutral Value Trend Rating results.
Recent Price Action
On 4/18/24, Great Lakes Dredge & Dock Corp (NASDAQ: GLDD) stock declined slightly by -0.8%, closing at $7.38. However, below average trading volume at 81% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -8.7% during the last week.
Be the first to comment