Carmanah Technologies Corp’s Stock Is Sell After Today’s Huge Decline

 Carmanah Technologies Corp's Stock Is Sell After Today's Huge Decline

The stock of Carmanah Technologies Corp (TSE:CMH) is a huge mover today! About 3,600 shares traded hands. Carmanah Technologies Corp (TSE:CMH) has declined 25.47% since March 29, 2016 and is downtrending. It has underperformed by 28.00% the S&P500.
The move comes after 5 months negative chart setup for the $95.25M company. It was reported on Nov, 2 by Barchart.com. We have $3.47 PT which if reached, will make TSE:CMH worth $10.48M less.

More notable recent Carmanah Technologies Corp (TSE:CMH) news were published by: Theglobeandmail.com which released: “One of Canada’s oldest ‘green tech’ firms is finally starting to reward investors” on January 09, 2015, also Streetinsider.com with their article: “GlobalStar (GSAT) Enters Strategic Agreement with Carmanah” published on August 30, 2016, Marketwired.com published: “Carmanah Announces Management Changes” on October 22, 2015. More interesting news about Carmanah Technologies Corp (TSE:CMH) were released by: Theglobeandmail.com and their article: “Analysts see more gains for under-the-radar stock that has doubled in the past …” published on September 28, 2015 as well as Businesswire.com‘s news article titled: “Carmanah Technologies Announces Acquisition of Spot Devices including License …” with publication date: November 15, 2012.

Carmanah Technologies Corp is engaged in the business of developing and distributing renewable technologies, including solar-power light emitting diode lighting, and solar powered systems and equipment. The company has a market cap of $95.25 million. The Company’s divisions are Signals, Illumination and Power. It has a 5.31 P/E ratio. The Signals segment offers products for traffic, marine, airfield ground lighting, aviation/obstruction and offshore verticals.

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