AZEK Company Inc (AZEK) has disclosed a new risk, in the Accounting & Financial Operations category.
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AZEK Company Inc. has identified significant weaknesses in its internal control over financial reporting, which have led to restatements of financial statements and could potentially undermine investor confidence. The company is actively working on remediation plans to address these issues, but there remains uncertainty about the effectiveness and sufficiency of these efforts. Should these deficiencies persist or new ones arise, AZEK may struggle to reliably report its financial conditions, risking further declines in stock value. This situation highlights the critical need for robust and effective internal controls to maintain investor trust and ensure compliance with financial reporting standards.
Overall, Wall Street has a Moderate Buy consensus rating on AZEK stock based on 7 Buys and 4 Holds.
To learn more about AZEK Company Inc’s risk factors, click here.
