On 8/1/24, Tongxin International Ltd (NASDAQ: TREE) stock suffered a major decline of -13.0%, closing at $46.29. Moreover, trading volume in this decline was exceptionally high at 242% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -11.7% during the last week.
Current PriceTarget Research Rating
TREE’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
LendingTree has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. LendingTree has a slightly negative Appreciation Score of 37 but a very high Power Rating of 99, and the Positive Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment