What’s Propelling Ambrian PLC to Reach 52-Week Low?

 What's Propelling Ambrian PLC to Reach 52 Week Low?

The stock of Ambrian PLC (LON:AMBR) hit a new 52-week low and has GBX 2.03 target or 10.00% below today’s GBX 2.25 share price. The 7 months bearish chart indicates high risk for the GBX 5.98M company. The 1-year low was reported on Oct, 18 by Barchart.com. If the GBX 2.03 price target is reached, the company will be worth GBX 598,000 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 5.26% or GBX 0.12 on October 18, hitting GBX 2.25. About 50,000 shares traded hands. Ambrian PLC (LON:AMBR) has declined 52.50% since March 18, 2016 and is downtrending. It has underperformed by 57.98% the S&P500.

More news for Ambrian PLC (LON:AMBR) were recently published by: Reuters.com, which released: “Ambrian to close metals trading business” on October 14, 2016. Reuters.com‘s article titled: “Russia’s Norilsk fund bought 90000 oz of palladium in first half” and published on September 01, 2016 is yet another important article.

Ambrian plc is a United Kingdom-based company, which is engaged in physical metals and minerals trading, cement activities and holds strategic investments. The company has a market cap of 5.98 million GBP. The Firm operates through four divisions: Physical metals and minerals trading; Cement operations; Investment portfolio, and Head office costs. It currently has negative earnings. The Company’s Head office costs relate to overheads incurred in connection with operating the public limited company, providing support functions to the Group.

AMBR Company Profile

Amber Road, Inc., incorporated on October 7, 2013, is a well-known provider of cloud global trade management (GTM) solutions. The Company’s GTM solutions include modules for logistics contract and rate management, supply chain visibility and event management, international trade compliance, and Global Knowledge trade content database to importers and exporters, non-vessel owning common carriers (resellers), and ocean carriers. The Firm delivers its GTM solution using a software-as-a-service (SaaS) model. The Company’s solution automates the global supply chain across sourcing, logistics, cross-border trade and regulatory compliance activities. The Company’s GTM solution combines enterprise-class software, trade content sourced from government agencies and transportation providers in approximately 145 countries, and a global supply chain network connecting its clients with the trading partners, including suppliers, freight forwarders, customs brokers and transportation carriers.

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