Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Benchmark Electronics Inc before investing.

In this article, we go over a few key elements for understanding Benchmark Electronics Inc’s stock price such as:

• Benchmark Electronics Inc’s current stock price and volume
• Why Benchmark Electronics Inc’s stock price changed recently
• Upgrades and downgrades for BHE from analysts
• BHE’s stock price momentum as measured by its relative strength

About Benchmark Electronics Inc (BHE)

Before we jump into Benchmark Electronics Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Benchmark Electronics, Inc. is engaged in product design and engineering services and technology solutions. It offers a wide range of design, engineering, automation, test, manufacturing, and fulfillment solutions that support its customers? products from initial concept and design through prototyping, design validation, testing, volume production, distribution and aftermarket support. The Company has manufacturing facilities in the Americas, Asia and Europe to serve its customers. The Company serves various sectors, including aerospace and defense (A&D;), medical technologies, complex industrials, semiconductor capital equipment (Semi-Cap), next-generation communications and advanced computing. Its design and engineering services and technology solutions include new product design, prototype, testing and related engineering services, custom testing and automation equipment design and build services. Its manufacturing services include electronics manufacturing and testing services.

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What Caused Benchmark Electronics Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of January 31, 2024, there were 3 analysts who downgraded Benchmark Electronics Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Benchmark Electronics Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Benchmark Electronics Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Benchmark Electronics Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Benchmark Electronics Inc (BHE) by visiting AAII Stock Evaluator.

Relative Price Strength of Benchmark Electronics Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of January 31, 2024, Benchmark Electronics Inc has a weighted four-quarter relative price strength of -3.94%, which translates to a Momentum Score of 54 and is considered to be Average.

Want to learn more about how Benchmark Electronics Inc is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Benchmark Electronics Inc Stock Price: Bottom Line

As of February 1, 2024, Benchmark Electronics Inc’s stock price is $29.60, which is up 9.14% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Benchmark Electronics Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.