Stock Rating Upgrade
The Value Trend Rating for Richardson Electronics Ltd (NASDAQ: RELL) improved in recent days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 1/5/24, Richardson Electronics Ltd (NASDAQ: RELL) stock declined slightly by -0.2%, closing at $12.67. Moreover, trading volume in this decline was above average at 145% of normal. Relative to the market the stock has been weak over the last nine months and has declined -6.8% during the last week.
Current PriceTarget Research Rating
RELL is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Richardson Electronics has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Richardson Electronics has a good Appreciation Score of 71 but a poor Power Rating of 19, producing the Low Neutral Value Trend Rating.
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