Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Ase Technology Holdings Co (NYSE: ASX) improved during the last several trading days. ASX’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 4/26/24, Ase Technology Holdings Co (NYSE: ASX) stock declined slightly by -0.5%, closing at $10.10. This decline was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ASX is expected to continue to be a Value Builder.
Ase Technology Holdings has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ase Technology Holdings has a neutral Appreciation Score of 52 but a good Power Rating of 83, producing the Positive Value Trend Rating.
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