Stock Rating Downgrade
The Value Trend Rating for Himax Technologies Inc (NASDAQ: HIMX) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Himax Technologies Inc (NASDAQ: HIMX) stock suffered a large decline of -2.2% on 11/17/23. The stock closed at $6.13. The stock has been weak relative to the market over the last nine months but has risen 9.9% during the last week.
Current PriceTarget Research Rating
HIMX is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Himax Technologies has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Himax Technologies has a neutral Appreciation Score of 59 but a poor Power Rating of 19, and the Negative Value Trend Rating results.
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