The stock of Laird PLC (LON:LRD) gapped down by GBX 119.352 today and has GBX 139.42 target or 14.00% below today’s GBX 162.12 share price. The 7 months technical chart setup indicates high risk for the GBX 440.00 million company. The gap down was reported on Oct, 19 by Barchart.com. If the GBX 139.42 price target is reached, the company will be worth GBX 61.60M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 47.45% or GBX 146.38 on October 19, hitting GBX 162.12. About 20.52M shares traded hands or 2583.61% up from the average. Laird PLC (LON:LRD) has declined 57.21% since March 21, 2016 and is downtrending. It has underperformed by 62.76% the S&P500.
Laird PLC (LON:LRD) Ratings Coverage
Out of 9 analysts covering Laird PLC (LON:LRD), 6 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 67% are positive. Laird PLC has been the topic of 50 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Numis Securities maintained the shares of LRD in a report on Tuesday, September 1 with “Buy” rating. The stock of Laird PLC (LON:LRD) earned “Buy” rating by Numis Securities on Monday, December 21. Liberum Capital maintained the shares of LRD in a report on Wednesday, October 28 with “Hold” rating. JP Morgan maintained Laird PLC (LON:LRD) on Tuesday, May 3 with “Overweight” rating. The firm has “Equal Weight” rating given on Tuesday, May 3 by Barclays Capital. Barclays Capital maintained the stock with “Equal Weight” rating in Friday, October 30 report. Barclays Capital maintained the shares of LRD in a report on Monday, August 1 with “Equal Weight” rating. Liberum Capital maintained it with “Hold” rating and GBX 325 target price in Friday, November 13 report. The firm has “Buy” rating by Numis Securities given on Monday, February 1. As per Friday, January 29, the company rating was upgraded by Investec.
More recent Laird PLC (LON:LRD) news were published by: Reuters.com which released: “Apple supplier Laird warns of sharply lower profit; shares plunge” on October 19, 2016. Also Uk.Finance.Yahoo.com published the news titled: “-LSE Ticker: 1VNST9/ISIN: GB00B1VNST91” on March 30, 2014. Fool.Co.Uk‘s news article titled: “Do today’s results make AstraZeneca plc & Laird PLC the ultimate dividend buys?” with publication date: April 29, 2016 was also an interesting one.
Laird PLC is a United Kingdom-based global technology firm focused on providing systems, components and solutions that protects electronics from electromagnetic interference and heat, and that enable connectivity in various wireless applications and antenna systems. The company has a market cap of 440.00 million GBP. The Firm operated through two divisions: Wireless Systems and Performance Materials. It currently has negative earnings. The Wireless Systems segment designs, makes and supplies products that enable connectivity and remote smart systems for use in specialized industrial applications.
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