Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Kulicke and Soffa Industries Inc (NASDAQ: KLIC) improved of late. KLIC’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/31/24, Kulicke and Soffa Industries Inc (NASDAQ: KLIC) stock increased 1.4%, closing at $45.67. Moreover, this advance was accompanied by unusually high trading volume at 160% of normal. Relative to the market the stock has been weak over the last nine months and has declined -3.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, KLIC is expected to continue to be a Value Builder.
Kulicke and Soffa Industries has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Kulicke and Soffa Industries has a neutral Appreciation Score of 50 and a neutral Power Rating of 40, producing the Low Neutral Value Trend Rating.
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