Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Amkor Technology Inc (NASDAQ: AMKR) weakened recently. AMKR’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Amkor Technology Inc (NASDAQ: AMKR) stock closed at $30.89 on 9/27/24 after a decline of -3.2%. However, trading volume in this decline was below average at 79% of normal. The stock has declined -2.4% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, AMKR is expected to continue to be an important Value Builder.
Amkor Technology has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Amkor Technology has a neutral Power Rating of 51 but a good Appreciation Score of 74, and the High Neutral Value Trend Rating results.
Be the first to comment