Alert: Major Price Advance (12/1/23)-Tongxin International Ltd (NASDAQ: TREE).


On 12/1/23, Tongxin International Ltd (NASDAQ: TREE) stock enjoyed a major increase of 11.8%, closing at $19.78. Trading volume in this advance was normal. The stock has risen 23.9% during the last week but has been extremely weak relative to the market over the last nine months.


Current PriceTarget Research Rating

TREE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company 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 consistent signals. LendingTree has a neutral Appreciation Score of 50 and a slightly negative Power Rating of 31, leading to the Negative Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.

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