AmeriServ Financial Inc (NASDAQ: ASRV) has benefited from extremely meaningful positive changes in investment behavior: its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and positive upside/downside volume developed.
Slight positive changes in fundamentals have recently occurred for AmeriServ Financial Inc (NASDAQ: ASRV): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
ASRV’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
AmeriServ Financial has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. AmeriServ Financial has a slightly positive Power Rating of 61 and a good Appreciation Score of 81, resulting in the Positive Value Trend Rating.
Recent Price Action
AmeriServ Financial Inc (NASDAQ: ASRV) stock closed at $3.12 on 1/10/24 after being unchanged was unchanged. However, trading volume in this flat performance was exceptionally low at 18% of normal. The stock has been strong relative to the market over the last nine months but has declined -3.7% during the last week.
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