Tongxin International Ltd (NASDAQ: TREE) stock closed at $48.27 on 4/30/24 after a major increase of 29.2%. Moreover, this advance was accompanied by exceptionally high trading volume at 521% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 35.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TREE is expected to continue to be a major Value Builder.
LendingTree has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. LendingTree has a poor Appreciation Score of 28 but a very high Power Rating of 98, leading to the Positive Value Trend Rating.
Rating Review
In light of this very positive 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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