Could Hollywood Bowl Group PLC Gain Strenght? The Stock Reaches 52-Week Low

 Could Hollywood Bowl Group PLC Gain Strenght? The Stock Reaches 52 Week Low

The stock of Hollywood Bowl Group PLC (LON:BOWL) hit a new 52-week low and has GBX 142.55 target or 14.00% below today’s GBX 165.75 share price. The 6 months bearish chart indicates high risk for the GBX 251.45 million company. The 1-year low was reported on Oct, 28 by Barchart.com. If the GBX 142.55 price target is reached, the company will be worth GBX 35.20M 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 0.82% or GBX 1.38 on October 28, hitting GBX 165.75. About 1.20 million shares traded hands or 54.14% up from the average. Hollywood Bowl Group PLC (LON:BOWL) has risen 6.00% since September 28, 2016 and is uptrending. It has outperformed by 1.29% the S&P500.

Another recent and important Hollywood Bowl Group PLC (LON:BOWL) news was published by Reuters.com which published an article titled: “BRIEF-Hollywood Bowl Group sets IPO offer price at 160 pence per share” on September 16, 2016.

Hollywood Bowl Group plc is a United Kingdom ten-pin bowling operator. The company has a market cap of 251.45 million GBP. The Firm is engaged in operating various bowling centers, located on out of town multi-use leisure parks and retail parks, with all of the centers being occupied by the Company on a leasehold basis. It has a 40.65 P/E ratio. The Company’s centers are designed to offer a family entertainment experience with each center offering over 16 bowling lanes, on-site dining, licensed bars and family games arcades.

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