Recent exceptional positive changes in investment behavior have benefitted Virco Mfg. Corp (NASDAQ: VIRC): the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Virco Mfg. Corp (NASDAQ: VIRC) has benefited from important positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
VIRC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed 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 41 but a very high Power Rating of 99, resulting in the Positive Value Trend Rating.
Recent Price Action
Virco Mfg. Corp (NASDAQ: VIRC) stock closed at $11.87 on 1/3/24 after a very large increase of 5.6%. Moreover, exceptionally high trading volume at 211% of normal accompanied the advance. The stock has risen 2.5% during the last week and has been exceptionally strong relative to the market over the last nine months.
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