Tongxin International Ltd (NASDAQ: TREE) stock closed at $57.31 on 8/23/24 after a major increase of 10.4%. Moreover, this advance was accompanied by unusually high trading volume at 186% of normal. The stock has risen 15.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. LendingTree has a slightly negative Appreciation Score of 32 but a very high Power Rating of 96, resulting in 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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