The stock of T Clarke PLC (LON:CTO) hit a new 52-week low and has GBX 53.56 target or 13.00% below today’s GBX 61.56 share price. The 6 months bearish chart indicates high risk for the GBX 26.05M company. The 1-year low was reported on Oct, 28 by Barchart.com. If the GBX 53.56 price target is reached, the company will be worth GBX 3.39 million 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 5.65% or GBX 3.69 on October 28, hitting GBX 61.56. About 87,262 shares traded hands or 148.37% up from the average. T Clarke PLC (LON:CTO) has declined 28.86% since March 31, 2016 and is downtrending. It has underperformed by 33.57% the S&P500.
More news for T Clarke PLC (LON:CTO) were recently published by: Theguardian.com, which released: “FTSE heads to new high as pound slumps, with Pearson leading the way” on October 04, 2016. Wsj.com‘s article titled: “BOE’s Possible Rate Cut Won’t Offset All Brexit Ills, Say Economists” and published on July 12, 2016 is yet another important article.
TClarke plc is a United Kingdom-based building services company, which delivers electrical, mechanical, and information and communications technology services. The company has a market cap of 26.05 million GBP. The Firm provides electrical and mechanical contracting and related services to the construction industry and end users. It has a 7.81 P/E ratio. The Company’s geographical divisions include London and South East, Central and South West, the North and Scotland.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.