Tongxin International Ltd (NASDAQ: TREE) stock enjoyed a major increase of 10.2% on 7/16/24. The shares closed at $53.93. Moreover, trading volume in this advance was exceptionally high at 208% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 29.6% during the last week.
Current PriceTarget Research Rating
TREE’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.
LendingTree has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. LendingTree has a slightly negative Appreciation Score of 39 but a very high Power Rating of 99, 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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