The stock of MNF Group Ltd (ASX:MNF) reached all time high today, Oct, 31 and still has $8.58 target or 72.00% above today’s $4.99 share price. This indicates more upside for the $338.73M company. This technical setup was reported by Barchart.com. If the $8.58 PT is reached, the company will be worth $243.89M 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 1.42% or $0.07 on October 31, hitting $4.99. About 64,729 shares traded hands. MNF Group Ltd (ASX:MNF) has risen 42.98% since April 4, 2016 and is uptrending. It has outperformed by 39.51% the S&P500.
More important recent MNF Group Ltd (ASX:MNF) news were published by: Fool.com.Au which released: “Why the MNF Group Ltd share price is climbing higher today” on August 16, 2016, also Fool.com.Au published article titled: “Does MNF Group Ltd’s deal with Telstra Corporation Ltd make it a buy?”, Fool.com.Au published: “MNF Group Ltd & Dubber Corp Ltd offer customers new cloud service” on September 29, 2016. More interesting news about MNF Group Ltd (ASX:MNF) was released by: Fool.com.Au and their article: “MNF Group Ltd positions for global growth” with publication date: February 17, 2016.
MNF Group Limited, formerly My Net Fone Limited, is engaged in providing voice communications, broadband Internet, and cloud communications services to residential, business, government and wholesale customers. The company has a market cap of $338.73 million. The Firm also sells hardware, equipment and consulting services to support the primary products of the business. It has a 37.28 P/E ratio.
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