Diodes Inc (NASDAQ: DIOD) has recently experienced extremely important negative changes in investment behavior: negative upside/downside volume developed, and the stock fell on very heavy volume.
Important negative changes in fundamentals have recently occurred for Diodes Inc (NASDAQ: DIOD): significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
DIOD’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Diodes has a current Value Trend Rating of C (Low Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Diodes has a neutral Appreciation Score of 59 and a slightly negative Power Rating of 33, and the Low Neutral Value Trend Rating results.
Recent Price Action
Diodes Inc (NASDAQ: DIOD) stock closed at $60.12 on 9/20/24 after a decline of -2.1%. Moreover, exceptionally high trading volume at 256% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -0.6% during the last week.
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