Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Veeco Instruments Inc (NASDAQ: VECO) weakened in recent days. VECO’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Veeco Instruments Inc (NASDAQ: VECO) stock declined by -3.2% on 11/15/24. The shares closed at $26.43. Trading volume in this decline was normal. The stock has been weak relative to the market over the last nine months and has declined -9.1% during the last week.
Current PriceTarget Research Rating
Veeco Instruments has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Veeco Instruments has a neutral Appreciation Score of 52 and a slightly negative Power Rating of 33, and the Negative Value Trend Rating results.
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