Texas (May 13, 2013) Wax Ink has issued an Exploratory Investment Interest rating for Rocky Brands, Inc. (Nasdaq: RCKY) based on a recent baseline equity review which placed fair value between $42-$46.
The recent close of $14.84 is approximately 41% below the fair value buy target for the stock and approximately 71% below the fair value close target for the stock. The recent close is also 22% below analysts' $19.00 median target for the stock.
The recent close represents an 00% increase in price since the last baseline equity review was conducted in May 2013.
The stock currently has a trailing twelve-month PE Ratio of 8, and a PEG Ratio of (1.9) basis estimated forward earnings growth of (4%).
In the past 52 weeks, share prices have moved between a high of $16.00 and a low of $10.74, placing equilibrium at $13.78.
With the recent close, the stock is trading 8% below the 52 week high, 28% above the 52 week low, and 8% above equilibrium.
The average daily trading volume for the stock is 7900 shares.
Rocky Brands, Inc. together with its subsidiaries, designs, manufactures, and markets footwear and apparel under the Rocky, Georgia Boot, Durango, Lehigh, Mossy Oak, and Michelin brand names.
All valuations are based on the listed company's most recent SEC annual filing, and all prices are per share.
Wax Ink currently has no investment position in the company mentioned in this alert.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.