These are sixteem/n names from NYSE and NASDAQ whose Altman Z-Score dropped recently, so that they are now in the so called Altman Distress Zone. A distress zone (Z < 1.8) means that a company has more than 80% of chances of bankruptcy in two years. The Altman Z-Scores were calculated for eight consecutive quarters, starting from the current one (Q1).

If you are unfamiliar with the Z-Score, its meaning and interpretation, here are some reads for you:

For  a listing of companies with nice and recently improved Z-Scores, see 18 healthy stocks that recovered from Altman Z-Score Distress Zone

The calculations were done in Python using data purchased from eodhistoricaldata.com (this is a referral link: if you register, I might earn $5).

Enjoy and don’t forget to leave a comment.

# Ticker Name Exchange Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8
1 AFYA Afya Limited NASDAQ 1.41 1.57 2.1 1.95 1.9 5.0 1.28 0.92
2 COLD Americold Realty Trust NYSE 1.5 1.6 1.31 2.21 2.34 1.99 1.9 2.17
3 CRY CryoLife Inc NYSE 1.56 1.59 1.51 1.59 1.89 2.31 2.78 2.49
4 DK Delek US Holdings Inc NYSE 1.24 1.35 1.27 1.46 1.67 1.9 2.1 2.48
5 H Hyatt Hotels Corporation NYSE 1.46 1.38 1.46 1.61 1.98 2.35 3.13 2.72
6 HGV Hilton Grand Vacations Inc NYSE 1.41 1.52 1.71 1.72 1.84 2.02 2.36 2.62
7 KALU Kaiser Aluminum Corporation NASDAQ 1.4 1.5 1.93 1.53 2.2 2.69 3.12 3.47
8 LUV Southwest Airlines Co NYSE 1.53 1.58 1.45 1.62 1.8 2.39 3.18 3.16
9 NTWK NetSol Technologies Inc NASDAQ 1.48 2.02 1.57 1.47 1.73 2.08 2.46 3.32
10 OMAB Grupo Aeroportuario del Centro Norte S.A.B. de C.V NASDAQ 1.25 1.4 1.57 1.66 3.14 2.51 2.59 2.52
11 PRO PROS Holdings Inc NYSE 1.69 1.55 2.18 1.48 2.58 1.97 3.36 3.38
12 SECO Secoo Holding Limited NASDAQ 1.28 1.78 1.85 1.94 2.08 1.98 2.19 2.08
13 SND Smart Sand Inc NASDAQ 1.09 1.44 2.25 2.16 2.36 2.38 1.87 1.82
14 TENB Tenable Holdings Inc NASDAQ 1.18 0.74 0.48 3.62 3.18 2.35 1.85 2.81
15 VAC Marriott Vacations Worldwide Corporation NYSE 1.31 1.39 1.39 1.27 2.34 2.42 2.6 2.71
16 VRS Verso Corporation NYSE 1.26 0.89 1.5 1.86 2.46 2.57 2.22 2.39

Disclaimers

  • What you see here is my personal opinion and should not be treated as an investing advice
  • I’m not an expert stock analyst nor financial advisor

 

Michał, the Investing Scientist.

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