The stock of Matech Corp. (OTCMKTS:MTCH) hit a new 52-week high and has $0.00 target or 52.00% above today’s $0.00 share price. The 6 months bullish chart indicates low risk for the $24,012 company. The 1-year high was reported on Oct, 18 by Barchart.com. If the $0.00 price target is reached, the company will be worth $12,486 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 $0.0002 per share. It is down 60.84% since March 15, 2016 and is uptrending. It has outperformed by 55.36% the S&P500.
Analysts await Matech Corp. (OTCMKTS:MTCH) to report earnings on October, 25. MTCH’s profit will be $19.21 million for 0.00 P/E if the $0.16 EPS becomes a reality. After $0.14 actual EPS reported by Matech Corp. for the previous quarter, Wall Street now forecasts 14.29% EPS growth.
According to Zacks Investment Research, “Match Group, Inc. offers subscription-based online dating websites and applications services. The company’s dating products brands consists of Match, OkCupid, Tinder, PlentyOfFish, Meetic, Twoo, OurTime and FriendScout24. Match Group, Inc. is headquartered in Dallas, Texas.”
MTCH Company Profile
Match Group, Inc., incorporated on February 13, 2009, is a well-known provider of dating products. The Firm operates in two divisions: Dating and Non-dating. The Firm operates a portfolio of over 45 brands, including Match, OkCupid, PlentyOfFish, Tinder, Meetic, Twoo, OurTime, BlackPeopleMeet and FriendScout24, each designed to manage its users’ likelihood of finding a romantic connection. Through its portfolio of brands, it provides tailored products to meet the varying preferences of its users. It offers its dating products in approximately 38 languages across over 190 countries.
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