Extremely significant positive changes in Barrett Business Services Inc (NASDAQ: BBSI) investment behavior have recently occurred: its shorter term price trend turned up, its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
BBSI’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Barrett Business Services 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 very contradictory signals. Barrett Business Services has a very low Appreciation Score of 14 but a slightly positive Power Rating of 68, and the Negative Value Trend Rating results.
Recent Price Action
On 11/8/23, Barrett Business Services Inc (NASDAQ: BBSI) stock increased 1.8%, closing at $102.84. The stock has risen 12.4% during the last week and has been strong relative to the market over the last nine months.
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