VIRCO MFG CORPORATION (NASDAQ:VIRC) is a candidate for growth investors. Here's why.

In this article we will dive into VIRCO MFG CORPORATION (NASDAQ:VIRC) as a possible candidate for growth investing. Investors should always do their own research, but we noticed VIRCO MFG CORPORATION showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

What matters for canslim investors.

• The recent financial report of VIRCO MFG CORPORATION demonstrates a 58.33% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• VIRCO MFG CORPORATION has experienced 29.59% q2q revenue growth, indicating a significant sales increase.
• VIRCO MFG CORPORATION has achieved 88.83% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
• VIRCO MFG CORPORATION demonstrates a strong Return on Equity(ROE) of 31.71%. This indicates the company's ability to generate favorable returns for shareholders and reflects its efficient utilization of capital. VIRCO MFG CORPORATION shows promising potential for continued success.
• VIRCO MFG CORPORATION has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 98.4 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning. VIRCO MFG CORPORATION is well-positioned for potential price growth opportunities.
• VIRCO MFG CORPORATION exhibits a favorable Debt-to-Equity ratio at 0.17. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
• VIRCO MFG CORPORATION demonstrates a balanced ownership structure, with institutional shareholders at 7.65%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.

What is the technical picture of NASDAQ:VIRC telling us.

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

We assign a technical rating of 10 out of 10 to VIRC. Both in the recent history as in the last year, VIRC has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, VIRC did better than 98% of all other stocks. On top of that, VIRC also shows a nice and consistent pattern of rising prices.
• VIRC is part of the Commercial Services & Supplies industry. There are 80 other stocks in this industry. VIRC outperforms 97% of them.
• VIRC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month VIRC has a been trading in the 6.02 - 9.41 range, which is quite wide. It is currently trading near the high of this range.
• Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
• Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Check the latest full technical report of VIRC for a complete technical analysis.

Fundamental analysis of NASDAQ:VIRC

As part of its analysis, ChartMill provides a comprehensive Fundamental Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various fundamental indicators and properties.

Taking everything into account, VIRC scores 6 out of 10 in our fundamental rating. VIRC was compared to 80 industry peers in the Commercial Services & Supplies industry. There are concerns on the financial health of VIRC while its profitability can be described as average. VIRC is growing strongly while it also seems undervalued. This is an interesting combination

For an up to date full fundamental analysis you can check the fundamental report of VIRC

More growth stocks can be found in our CANSLIM screen.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.