Why Shares in This Value Stock Declined This Week
Atkore (ATKR) The Motley Fool·2024-05-10 16:53
The sales volumes of this electrical products company declined in its fiscal second quarter, but the stock still looks like a good value.Shares in electrical products company Atkore (ATKR -0.83%) declined by 8% in the week to 11 a.m. ET Friday. The decrease occurred in a week when the company reported disappointing second-quarter earnings.It's no secret that Atkore's sales will be challenged this year due to the price correction of commodities such as steel and PVC, which will lower prices. Just as Atkore b ...