Wall Street Hasn’t Discovered This Stock, But Barchart’s Experts Have

• Hamilton Beach Brands (HBB) demonstrates strong technical momentum, recently hitting a new 5-year high.
• Shares are up more than 150% over just the past year.
• HBB maintains a 100% “Buy” opinion from Barchart.
• Despite limited Wall Street coverage, sentiment is positive.

Today’s Featured Stock

Valued at $514 million, Hamilton Beach Brands (HBB) is a designer, marketer, and distributor of branded electric household and specialty housewares appliances, as well as commercial products for restaurants, bars, and hotels. 

What I’m Watching

I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals and superior current momentum. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. HBB checks those boxes. The Trend Seeker issued a new “Buy” signal on Sept. 21. The stock has gained 16.18% since that signal.

Barchart’s Technical Indicators for Hamilton Beach

Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.

Hamilton Beach hit a 5-year high of $39.99 on Sept. 30.

• Hamilton Beach has a Weighted Alpha of 131.48.
• HBB has a 100% “Buy” opinion from Barchart.
• The stock has gained 156.52% over the past 52 weeks.
• Hamilton Beach has its Trend Seeker “Buy” signal intact.
• The stock recently traded at $38.64 with a 50-day moving average of $30.91.
• HBB had 9 highs and gained 21.24% in the last month.
• 60-month beta of 0.29.
• Relative Strength Index (RSI) is at 65.11.
• There’s a technical support level around $37.57.

Don’t Forget the Fundamentals

• $514 million market capitalization.
• 9.14x trailing price-earnings ratio.
• Dividend yield of 1.31%.

Analyst and Investor Sentiment on Hamilton Beach

• Value Line rates the stock “Above Average.”
• Morningstar thinks the stock is 10% overvalued.
• CFRA’s MarketScope rates the stock as “Buy.”
• 2,020 investors are following the stock on Seeking Alpha.
• Short interest is 2.01% of the float with 2.88 days to cover the float.

The Bottom Line on Hamilton Beach

The company flies under the radar on Wall Street. Looking at the financials shows a steady pattern of revenue and earnings. Companies with capitalization in the $250 million to $1 billion range with proven revenue and earnings are always on private equity firms’ watchlists.

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio, it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance. 

On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.