Stock Rating Downgrade
In recent days the Value Trend Rating for PC Connection Inc (NASDAQ: CNXN) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 7/29/24, PC Connection Inc (NASDAQ: CNXN) stock declined modestly by -1.1%, closing at $68.02. However, this decline was accompanied by below average trading volume at 75% of normal. The stock has performed in line with the market over the last nine months and has risen 5.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, CNXN is expected to continue to be a Value Builder.
PC Connection has a current Value Trend Rating of D (Negative). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. PC Connection has a neutral Power Rating of 44 and a neutral Appreciation Score of 42, leading to the Negative Value Trend Rating.
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