Recent exceptional negative changes in investment behavior have affected Ase Technology Holdings Co (NYSE: ASX): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and the stock fell on very heavy volume.
Ase Technology Holdings Co (NYSE: ASX) suffers from slight negative changes in fundamentals: significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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). 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 56 but a good Power Rating of 79, with the Positive Value Trend Rating the result.
Recent Price Action
On 8/1/24, Ase Technology Holdings Co (NYSE: ASX) stock declined by -5.0%, closing at $9.52. Moreover, exceptionally high trading volume at 214% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -10.2% during the last week.
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