Recent extremely meaningful 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 recently enjoyed notable 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 an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Virco Mfg has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Virco Mfg has a neutral Appreciation Score of 43 but a very high Power Rating of 93, with the Positive Value Trend Rating the result.
Recent Price Action
Virco Mfg. Corp (NASDAQ: VIRC) stock closed at $13.94 on 6/28/24 after a modest gain of 0.9%. Moreover, trading volume in this advance was exceptionally high at 871% of normal. The stock has declined -7.7% during the last week but has been exceptionally strong relative to the market over the last nine months.
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