Is DEQ Systems Corp. a Buy? The Stock Reaches 52-Week High Today

 Is DEQ Systems Corp. a Buy? The Stock Reaches 52 Week High Today

The stock of DEQ Systems Corp. (CVE:DEQ) hit a new 52-week high and has $1.09 target or 195.00% above today’s $0.37 share price. The 6 months bullish chart indicates low risk for the $26.17M company. The 1-year high was reported on Oct, 18 by Barchart.com. If the $1.09 price target is reached, the company will be worth $51.03M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock last traded at $0.37 per share. It is down 6.00% since September 18, 2016 and is uptrending. It has outperformed by 0.52% the S&P500.

More notable recent DEQ Systems Corp. (CVE:DEQ) news were published by: Prnewswire.com which released: “DEQ Systems Board of Directors Announces Exploration of Strategic Alternatives” on January 19, 2016, also Prnewswire.com with their article: “Scientific Games Announces Definitive Agreement to Acquire DEQ Systems” published on August 31, 2016, Reuters.com published: “BRIEF-Scientific Games agrees to buy Deq Systems for C$0.38/share” on July 27, 2016. More interesting news about DEQ Systems Corp. (CVE:DEQ) were released by: Prnewswire.com and their article: “DEQ Systems and Talisman Group Resolve Federal Lawsuit Over EZ Baccarat®” published on July 08, 2015 as well as Reviewjournal.com‘s news article titled: “Gaming manufacturer relocates from Canada to Las Vegas” with publication date: May 06, 2016.

DEQ Systems Corp. is engaged in the manufacturing, lease and sale of auxiliary systems suitable for casino gaming tables, the management of licenses and the collection of royalties. The company has a market cap of $26.17 million. The Company’s principal activities include the leasing, sale and marketing of products for the casino gaming industry of table games, table game systems and table top utility products. It currently has negative earnings. The Firm also develops solutions related to table game bonusing.

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