Why Hamilton Beach Brands Holding Co (HBB) Shares Are Up 28.40%

Avoid the stress of overpaying for stocks or missing out on opportunities by using the right tools and insights to evaluate Hamilton Beach Brands Holding Co. before you invest.

In this article, we will discuss some key elements that will help you understand the Hamilton Beach Brands Holding Co. share price, such as:

• Current share price and volume for Hamilton Beach Brands Holding Co.
• Why Hamilton Beach Brands Holding Co.’s Stock Price Has Changed Recently
• HBB Ratings Upgrades and Downgrades from Analysts
• HBB share price dynamics measured by their relative strength

About Hamilton Beach Brands Holding Co. (HBB)

Before we dive into Hamilton Beach Brands Holding Co.’s stock price, history, target price, and reasons for its recent surge, let’s take a look at some context.

Hamilton Beach Brands Holding Company is a holding company operating through its wholly owned subsidiary, Hamilton Beach Brands, Inc. (HBB). HBB is a designer, marketer and distributor of a range of branded small household appliances and specialty household products, as well as commercial products for restaurants, fast food chains, bars and hotels. Its consumer brands include Hamilton Beach, Proctor Silex, Hamilton Beach Professional, Weston and TrueAir. Its commercial brands include Hamilton Beach Commercial and Proctor Silex Commercial. Hamilton Beach Brands licenses the Wolf Gourmet kitchen appliance brands, CHI premium clothing care products, Clorox True HEPA air purifiers and Brita Hub water filtration devices. Its subsidiary Hamilton Beach Health is focused on expanding its market share in the home healthcare market. Through HealthBeacon PLC, it specializes in developing connected devices for the medical technology market.

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Hamilton Beach Brands Holding Co. share price at market close

As of August 5, 2024, 4:00 PM Central Time, the share price of Hamilton Beach Brands Holding Co. was $24.64.

Hamilton Beach Brands Holding Co shares are up 28.4% from the previous closing price of $19.19.

During the last trading session, Hamilton Beach Brands Holding Co. shares traded in a range of $18.92 to $20.00. There are currently 14.11 Million Hamilton Beach Brands Holding Co. shares available for sale.

Hamilton Beach Brands Holding Co. currently has a price-to-earnings (P/E) ratio of 9.3, which is low compared to the Household Appliances, Tools & Products industry median of 10.2. The price-to-earnings ratio measures market expectations about future earnings by relating the current share price to the earnings per share.

Hamilton Beach Brands Holding Co share price history

Hamilton Beach Brands Holding Co. (HBB) the price increased by 26.16% this month.

In August, the Hamilton Beach Brands Holding Co share price reached a high of $24.97 and a low of $18.92.

Over the past year, Hamilton Beach Brands Holding Co. stock prices have been as high as $25.24 and as low as $9.49. Year to date, Hamilton Beach Brands Holding Co. stock is up 98.87%.

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What caused the increase in the price of Hamilton Beach Brands Holding Co shares?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered what other factors affect the price of a stock?

When an analyst changes their opinion on a stock, either upgrading or downgrading their rating, it often leads to a sudden correction in the stock price. As of August 2, 2024, there were analysts who downgraded Hamilton Beach Brands Holding Co. stock and analysts who upgraded it over the past month.

Additionally, you will want to assess the financial health and valuation of Hamilton Beach Brands Holding Co. Investors can use the AAII Value Grade, which combines six key valuation metrics such as the P/E and P/S ratios, to conduct a comprehensive analysis of Hamilton Beach Brands Holding Co.’s valuation and financial health. This approach mitigates the limitations of one-dimensional ratings.

Hamilton Beach Brands Holding Co.’s current valuation based on AAII’s Value Grade is A, which means the company is considered a deep value stock.

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Finally, news and media coverage, as well as recent press reports about the company or its industry, can cause stock prices to fluctuate. You can check out the latest news articles about Hamilton Beach Brands Holding Co. (HBB) visiting the AAII Stock Evaluator.

Relative pricing power of Hamilton Beach Brands Holding Co

Relative price strength measures a stock’s performance against the market, helping investors identify stocks that are outperforming benchmark indices.

For Momentum Grade AAII, weighted relative price strength is calculated. Click this link to learn more about Momentum Grade.

As of August 2, 2024, Hamilton Beach Brands Holding Co. had a four-quarter weighted relative price strength of 8.40%, which translates into a Momentum Score of 87 and is considered very strong.

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Hamilton Beach Brands Holding Co Share Price: Summary

As of August 5, 2024, Hamilton Beach Brands Holding Co. stock is trading at $24.64, an increase of 28.4% from the previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, you should consider a variety of metrics, fundamentals, and analysis to evaluate stocks like Hamilton Beach Brands Holding Co. Stock prices are influenced by market supply and demand and only offer a snapshot of the overall health of a company.

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