$Atkore (ATKR.US)$🎯 2023.7.13 The current price is 153, and...
$Atkore (ATKR.US)$🎯 2023.7.13 The current price is 153, and the position has been held for more than 1 year with a profit of 63%, reaching the reopening standard
New data: 2022 Annual Report and Earnings Report for the first 2 quarters of 2023
In 2022, revenue increased 33.7%, operating profit increased 54.4%, and net profit increased 55.4%.
In the first half of 2023, revenue fell 5.1%, operating profit fell 19.7%, and net profit fell 20.7%, which was a significant contraction.
Currently, the price-earnings ratio is 7.5, and the price-earnings ratio has increased slightly to 7.9. Considering last year's high base, this year's contraction is a probable event. Currently, the valuation is within a reasonable range, and positions can be reduced.
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