Extremely important positive changes in investment behavior have recently occurred for Ethan Allen Interiors Inc (NYSE: ETD): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
Positive development: significant quarterly earnings acceleration occurred. Negative development: significant quarterly sales deceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
ETD is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Ethan Allen Interiors has a current Value Trend Rating of C (Low Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ethan Allen Interiors has a neutral Appreciation Score of 54 and a slightly negative Power Rating of 36, resulting in the Low Neutral Value Trend Rating.
Recent Price Action
On 8/1/24, Ethan Allen Interiors Inc (NYSE: ETD) stock enjoyed a large increase of 3.8%, closing at $32.05. Moreover, trading volume in this advance was exceptionally high at 337% of normal. The stock has performed in line with the market over the last nine months and has risen 11.1% during the last week.
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