Ethan Allen Interiors Inc (NYSE: ETD) suffers from exceptional negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and its longer term price trend turned down.
Recent minor negative changes in fundamentals have impacted Ethan Allen Interiors Inc (NYSE: ETD). Negative developments: the stock’s power rating fell below 50, and significant quarterly sales deceleration occurred. Positive development: significant quarterly earnings acceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
ETD’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Ethan Allen Interiors has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Ethan Allen Interiors has a neutral Appreciation Score of 59 and a neutral Power Rating of 45, leading to the Neutral Value Trend Rating.
Recent Price Action
On 4/30/24, Ethan Allen Interiors Inc (NYSE: ETD) stock declined by -2.2%, closing at $28.24. Moreover, above average trading volume at 134% of normal accompanied the decline. The stock has declined -11.8% during the last week and has performed in line with the market over the last nine months.
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