A Reversal for Premier Asset Management Group PLC Is Not Near. The Stock Reaches All-Time Low Today

 A Reversal for Premier Asset Management Group PLC Is Not Near. The Stock Reaches All Time Low Today

The stock of Premier Asset Management Group PLC (LON:PAM) reached all time low today, Nov, 3 and still has GBX 112.67 target or 13.00% below today’s GBX 129.50 share price. This indicates more downside for the GBX 136.49 million company. This technical setup was reported by Barchart.com. If the GBX 112.67 PT is reached, the company will be worth GBX 17.74 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 closed at GBX 129.5 during the last session. It is down 6.00% since October 4, 2016 and is uptrending. It has outperformed by 4.79% the S&P500.

More news for Premier Asset Management Group PLC (LON:PAM) were recently published by: Reuters.com, which released: “Lender Paragon to buy asset finance brokerage Premier Asset Finance” on October 03, 2016. Reuters.com‘s article titled: “UK Stocks-Factors to watch on Oct 28” and published on October 28, 2016 is yet another important article.

Premier Asset Management Group PLC is a retail asset management group with a focus on delivering investment outcomes for investors through relevant products and active management across its range of investment strategies, which include multi-asset, equity and absolute return funds. The company has a market cap of 136.49 million GBP. The Firm offers a range of investment types, including mutual funds, closed-ended investment companies and a portfolio management service. It has a 145.83 P/E ratio. The Firm has a particular focus on multi-asset and income investment management, which addresses retail investor demand in these sectors.

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