Stock Rating Upgrade
The Value Trend Rating for TTM Technologies Inc (NASDAQ: TTMI) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
TTM Technologies Inc (NASDAQ: TTMI) stock rose modestly by 0.7% on 5/20/24. The stock closed at $18.42. Trading volume in this advance was normal. The stock has been strong relative to the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, TTMI is expected to continue to be an important Value Builder.
TTM Technologies has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. TTM Technologies has a neutral Appreciation Score of 54 and a slightly positive Power Rating of 69, triggering the Positive Value Trend Rating.
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