Donegal Group Cl A saw its IBD SmartSelect Composite Rating rise to 96 Thursday, up from 94 the day before.
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The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
Donegal Group Cl A is now out of buy range after clearing the 17.00 buy point in a cup without handle. Note that it is a thinly traded stock, with average daily dollar volume under $8 million.
The stock earns an 83 EPS Rating, which means its recent quarterly and annual earnings growth tops 83% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
The company reported a 454% earnings-per-share gain for Q1. Sales growth fell to 2%, down from 4% in the previous quarter.
Donegal Group Cl A holds the No. 4 rank among its peers in the Insurance-Property/Casualty/Title industry group. Skyward Specialty Ins is the No. 1-ranked stock within the group.
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