Stock Rating Upgrade
The Value Trend Rating for Richardson Electronics Ltd (NASDAQ: RELL) 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
On 11/8/24, Richardson Electronics Ltd (NASDAQ: RELL) stock rose modestly by 0.5%, closing at $14.65. Trading volume in this advance was normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be below the cost of capital, RELL is expected to be a modest Value Eraser.
Richardson Electronics has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Richardson Electronics has a neutral Appreciation Score of 43 but a very high Power Rating of 89, leading to the Positive Value Trend Rating.
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