The stock of MotorCycle Holdings Ltd (ASX:MTO) reached all time high today, Oct, 19 and still has $5.51 target or 36.00% above today’s $4.05 share price. This indicates more upside for the $153.70 million company. This technical setup was reported by Barchart.com. If the $5.51 PT is reached, the company will be worth $55.33 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 6.58% or $0.25 on October 19, hitting $4.05. About 112,252 shares traded hands or 138.37% up from the average. MotorCycle Holdings Ltd (ASX:MTO) has risen 6.00% since September 19, 2016 and is uptrending. It has outperformed by 0.46% the S&P500.
More notable recent MotorCycle Holdings Ltd (ASX:MTO) news were published by: Smh.com.Au which released: “Motorcycle Holdings to list on ASX as rider numbers double” on March 24, 2016, also Fool.com.Au with their article: “Here’s why MotorCycle Holdings Ltd shares are speeding higher today” published on July 25, 2016, Fool.com.Au published: “Why the MotorCycle Holdings share price jumped 5% today” on August 31, 2016. More interesting news about MotorCycle Holdings Ltd (ASX:MTO) were released by: Fool.com.Au and their article: “One small ASX company you need to know about” published on July 10, 2016 as well as Fool.com.Au‘s news article titled: “Why has the Automotive Holdings Group Ltd share price suddenly soared?” with publication date: August 11, 2016.
MotorCycle Holdings Limited is a motorcycle dealership operator. The company has a market cap of $153.70 million. The Company’s principal activities include ownership and operation of motorcycle dealerships engaging in the sale of new motorcycles, used motorcycles, accessories and parts, finance, insurance and warranty products, as well as service and repair. It has a 22.2 P/E ratio. The Firm operates through Motorcycle Retail segment.
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