On 4/15/24, Virco Mfg. Corp (NASDAQ: VIRC) stock suffered a major decline of -14.7%, closing at $10.15. Moreover, this decline was accompanied by exceptionally high trading volume at 278% of normal. The stock has declined -15.3% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
VIRC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Virco Mfg has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Virco Mfg has a neutral Appreciation Score of 41 but a very high Power Rating of 98, and the Positive Value Trend Rating results.
Rating Review
In light of this highly negative 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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