Stock Rating Downgrade
The Value Trend Rating for Tongxin International Ltd (NASDAQ: TREE) weakened during the last several trading days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Tongxin International Ltd (NASDAQ: TREE) stock closed at $16.18 on 11/17/23 after a large increase of 4.2%. The stock has risen 8.0% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TREE is expected to be a Value Builder.
LendingTree has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. LendingTree has a neutral Appreciation Score of 58 but a poor Power Rating of 28, leading to the Negative Value Trend Rating.
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