Richardson Electronics Ltd (NASDAQ: RELL) stock closed at $10.76 on 4/11/24 after a major increase of 15.1%. Moreover, exceptionally high trading volume at 442% of normal accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months but has risen 15.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, RELL is expected to be Value Creation neutral.
Richardson Electronics has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Richardson Electronics has a neutral Appreciation Score of 47 but a very low Power Rating of 5, leading to the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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