Resources Connection Inc (NASDAQ: RECN) has reported a loss for its second fiscal quarter (ending November 30) of $-0.03 versus $0.39 for the same period a year ago — a decline of -108%. For the latest four quarters through November 30, E.P.S. were $0.39 compared to $1.02 a year ago — a decline of -62%.
Recent Price Action
Resources Connection Inc (NASDAQ: RECN) stock enjoyed a very large increase of 5.5% on 1/6/21. The shares closed at $13.27. Moreover, exceptionally high trading volume at 246% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 4.9% during the last week.
Current PriceTarget Research Rating
RECN’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Resources Connection has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Resources Connection has a very high Appreciation Score of 86 but a poor Power Rating of 25, with the High Neutral Value Trend Rating the result.
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.