Stock Rating Downgrade
The Value Trend Rating for Himax Technologies Inc (NASDAQ: HIMX) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Himax Technologies Inc (NASDAQ: HIMX) stock closed at $5.04 on 4/26/24 after an increase of 1.6%. However, this advance was accompanied by unusually low trading volume at 60% of normal. Relative to the market the stock has been weak over the last nine months but has risen 1.4% during the last week.
Current PriceTarget Research Rating
HIMX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Himax Technologies has a current Value Trend Rating of D (Negative). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Himax Technologies has a slightly positive Appreciation Score of 69 but a poor Power Rating of 17, leading to the Negative Value Trend Rating.
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