The stock of Link Administration Holdings Ltd (ASX:LNK) reached all time low today, Nov, 2 and still has $6.59 target or 7.00% below today’s $7.09 share price. This indicates more downside for the $2.55B company. This technical setup was reported by Barchart.com. If the $6.59 PT is reached, the company will be worth $178.50 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 0.14% or $0.01 on November 2, hitting $7.09. About 1.88 million shares traded hands or 33.33% up from the average. Link Administration Holdings Ltd (ASX:LNK) has declined 5.72% since April 6, 2016 and is downtrending. It has underperformed by 8.24% the S&P500.
More notable recent Link Administration Holdings Ltd (ASX:LNK) news were published by: Fool.com.Au which released: “Why the Link Administration Holdings Ltd share price is going nuts today” on August 24, 2016, also Fool.com.Au with their article: “Here’s why the Link Administration Holdings Ltd share price is tanking today” published on October 13, 2016, Fool.com.Au published: “Is there any value to be found in CSL Limited, Medibank Private Ltd, and Link …” on January 22, 2016. More interesting news about Link Administration Holdings Ltd (ASX:LNK) were released by: Bloomberg.com and their article: “BEA Said to Shortlist Baring, Ping An for $800 Million Registry” published on August 08, 2016 as well as Fool.com.Au‘s news article titled: “Why the Computershare Limited share price is at a 52-week low” with publication date: July 18, 2016.
Link Administration Holdings Limited is a technology-enabled well-known provider of outsourced administration services for superannuation fund administration, corporate markets and related value added services, including data management analytics, digital communication and stake-holder education and advice. The company has a market cap of $2.55 billion. The Company’s divisions include Fund Administration, which provides administration services to superannuation funds; Corporate Markets, which provides an integrated corporate market offering that connects issuers with their stakeholders and offers services, including shareholder management and analytics, stakeholder engagement and firm secretarial, and Information, Digital and Data Services, which provides core services of development and maintenance of information technology systems and platforms, and value-added services of data analytics, digital solutions and digital communications. It has a 61.58 P/E ratio.
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