Communications gear maker II-VI is a bit of a puzzle. It’s reported outstanding numbers for at least a year — double- and triple-digit profit growth four quarters in a row, for example. But the Street hasn’t taken much notice of II-VI stock. Until now. On Wednesday, II-VI (IIVI) earned an upgrade to its stock Relative Strength (RS) Rating, from 68 to 73.
The 73 RS Rating means II-VI stock has outperformed 73% of all stocks, regardless of industry group, over the past year.
Over 100 years of market history shows that the top-performing stocks often have an 80 or better RS Rating as they begin their biggest climbs. See if II-VI can continue to show renewed price strength and hit that benchmark.
II-VI Stock Other Ratings Superb
Meanwhile, other key ratings are more reflective of its healthy sales and profit growth. Saxonberg, Pa.-based II-VI stock has a near-perfect 98 EPS Rating, of a best-possible 99. And it boasts a perfect 99 Composite Rating.
II-VI makes a wide variety of electronic gear including fiber optic cables and laser equipment for various industries including communications, c
Earnings last quarter grew 94% to 91 cents per share. EPS rose 82%, 58% and 170% the prior three periods. Revenue for its latest quarter rose 25% to $783.2 million.
The company earns the No. 5 rank among its peers in the Electronics-Parts industry group. Transcat (TRNS) and Wesco International (WCC) are also among the group’s highest-rated stocks.
Looking For The Best Stocks To Buy And Watch? Start Here
II-VI closed at 72.59 Wednesday, down fractionally for the day. It is above both its 50-day and 200-day lines after rising from a low of 58.82, set on May 6. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor’s Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The score shows how a stock’s price performance over the last 52 weeks holds up against all the other stocks in our database.
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