Ames National Corp (NASDAQ: ATLO) has benefited from exceptional positive changes in investment behavior: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Ames National Corp (NASDAQ: ATLO). Slight positive changes in fundamentals have recently occurred: significant quarterly sales acceleration occurred.
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
ATLO is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Ames National 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 consistent signals. Ames National has a neutral Appreciation Score of 56 and a slightly negative Power Rating of 31, resulting in the Negative Value Trend Rating.
Recent Price Action
Ames National Corp (NASDAQ: ATLO) stock rose modestly by 0.9% on 11/15/23. The stock closed at $19.20. The stock has risen 7.9% during the last week but has been weak relative to the market over the last nine months.
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