On 8/5/24, Virco Mfg. Corp (NASDAQ: VIRC) stock suffered a major decline of -12.2%, closing at $14.40. 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 -15.0% during the last week.
Current PriceTarget Research Rating
VIRC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Virco Mfg 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. Virco Mfg has a neutral Appreciation Score of 46 but a very high Power Rating of 90, with the Positive Value Trend Rating the result.
Rating Review
In light of this highly negative 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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