Otter Tail Receives Composite Rating Upgrade
Otter Tail saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 94 to 96.
The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria.
Otter Tail is currently about 5% above a 54.40 entry from a cup with handle. Understand that it is a thinly traded stock, with average daily dollar volume under $8 million. Less liquid stocks are more prone to volatile action since it takes fewer shares bought or sold to move the share price.
The stock sports an 88 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 88% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.
In Q2, the company reported 140% earnings growth. It has now posted accelerating EPS increases for two consecutive quarters. Revenue growth rose 48%, up from 11% in the prior report. The company has now posted rising growth in each of the last four reports.
Otter Tail holds the No. 1 rank among its peers in the Diversified Operations industry group. Roper Technologies and Crane are also among the group's highest-rated stocks.