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.