The stock of Reko International Group Inc (CVE:REK) hit a new 52-week high and has $10.32 target or 147.00% above today’s $4.18 share price. The 5 months bullish chart indicates low risk for the $28.22M company. The 1-year high was reported on Oct, 31 by Barchart.com. If the $10.32 price target is reached, the company will be worth $41.48 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 10,500 shares traded hands or 69.85% up from the average. Reko International Group Inc (CVE:REK) has risen 6.00% since October 1, 2016 and is uptrending. It has outperformed by 2.53% the S&P500.
More important recent Reko International Group Inc (CVE:REK) news were published by: Marketwired.com which released: “Reko International Group Inc. Announces Appointment of New Chief Financial Officer” on November 02, 2015, also Marketwired.com published article titled: “Reko International Group Announces Major Precision Machining Contract”, Marketwired.com published: “Reko Announces Contract Extension” on July 04, 2016. More interesting news about Reko International Group Inc (CVE:REK) was released by: Reuters.com and their article: “BRIEF-Reko International announces fourth quarter results” with publication date: March 26, 2013.
Reko International Group Inc. designs and makes a range of engineered services and products for original equipment manufacturers and their Tier 1 suppliers in various sectors, such as rail equipment, gas and oil distribution, mining, military, capital equipment and automotive.. The company has a market cap of $28.22 million. These products include custom machining of castings and assemblies to high precision tolerances, specialty machines and lean cell factory automation, compression molds, hydroform dies, plastic injection molds, fixtures and gauges. It has a 5 P/E ratio. For the transportation and gas and oil industry, it machines customer supplied metal castings to customer indicated specifications.
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