On 12/8/23, Virco Mfg. Corp (NASDAQ: VIRC) stock enjoyed a major increase of 21.4%, closing at $8.51. Moreover, trading volume in this advance was exceptionally high at 533% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 26.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, VIRC is expected to continue to be a major Value Builder.
Virco Mfg has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Virco Mfg has a neutral Appreciation Score of 45 but a very high Power Rating of 99, triggering the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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