Richardson Electronics Ltd (NASDAQ: RELL) stock suffered a major decline of -19.0% on 1/11/24. The shares closed at $10.12. Moreover, trading volume in this decline was exceptionally high at 1075% of normal. Relative to the market the stock has been weak over the last nine months and has declined -20.0% 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 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, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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