After Reaching 52-Week Low, Is Exco Technologies Limited’s Near-Term Analysis Negative?

 After Reaching 52 Week Low, Is Exco Technologies Limited's Near Term Analysis Negative?

The stock of Exco Technologies Limited (TSE:XTC) hit a new 52-week low and has $9.50 target or 12.00% below today’s $10.79 share price. The 8 months bearish chart indicates high risk for the $436.54M company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $9.50 price target is reached, the company will be worth $52.38M 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. About 39,893 shares traded hands or 29.35% up from the average. Exco Technologies Limited (TSE:XTC) has declined 27.38% since March 29, 2016 and is downtrending. It has underperformed by 29.90% the S&P500.

Exco Technologies Limited (TSE:XTC) Ratings Coverage

Out of 2 analysts covering Exco Technologies (TSE:XTC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Exco Technologies has been the topic of 7 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Scotia Capital maintained Exco Technologies Limited (TSE:XTC) rating on Tuesday, September 20. Scotia Capital has “Sector Perform” rating and $15.50 price target. The stock has “Buy” rating given by Canaccord Genuity on Friday, July 24.

More notable recent Exco Technologies Limited (TSE:XTC) news were published by: Theglobeandmail.com which released: “The Globe and Mail” on March 29, 2015, also Prnewswire.com with their article: “Exco Technologies Limited announces acquisition of Automotive Leather Company …” published on December 19, 2013, Prnewswire.com published: “Exco Technologies Limited announces purchase of BE&H Extrusion Dies Inc.” on January 14, 2013. More interesting news about Exco Technologies Limited (TSE:XTC) were released by: Fool.ca and their article: “3 Healthy Small Caps for Extraordinary Returns” published on June 13, 2016 as well as Seekingalpha.com‘s news article titled: “Shifting The Gears On Auto Industry Growth” with publication date: April 08, 2016.

Exco Technologies Limited is a designer, developer and maker of dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion and automotive industries. The company has a market cap of $436.54 million. The Firm operates in two divisions: Casting and Extrusion Segment, and Automotive Solutions Segment. It has a 9.74 P/E ratio. The Casting and Extrusion Segment designs, develops and makes die-casting and extrusion tooling and consumable parts for both aluminum die-casting and aluminum extrusion machines.

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