On 1/8/24, Tongxin International Ltd (NASDAQ: TREE) stock enjoyed a major increase of 22.1%, closing at $34.87. Moreover, this advance was accompanied by exceptionally high trading volume at 269% of normal. The stock has performed in line with the market over the last nine months and has risen 11.6% during the last week.
Current PriceTarget Research Rating
TREE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a Value Builder.
LendingTree has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. LendingTree has a slightly negative Appreciation Score of 30 and a neutral Power Rating of 50, and the Negative Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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