Recent exceptional positive changes in investment behavior have benefitted BK Technologies Corp (NYSEAMERICAN: BKTI): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
Positive development: significant quarterly sales acceleration occurred. Negative development: significant quarterly earnings deceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
BKTI’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
BK Technologies has a current Value Trend Rating of F (Lowest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. BK Technologies has a slightly negative Power Rating of 32 and a very low Appreciation Score of 7, producing the Lowest Value Trend Rating.
Recent Price Action
BK Technologies Corp (NYSEAMERICAN: BKTI) stock enjoyed a very large increase of 5.7% on 3/19/24. The shares closed at $14.00. Moreover, exceptionally high trading volume at 579% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 23.9% during the last week.
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