The stock of GLI Finance Ltd (LON:GLIF) reached all time low today, Nov, 3 and still has GBX 18.27 target or 13.00% below today’s GBX 21.00 share price. This indicates more downside for the GBX 104.73M company. This technical setup was reported by Barchart.com. If the GBX 18.27 PT is reached, the company will be worth GBX 13.61 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 increased 2.44% or GBX 0.5 on November 3, hitting GBX 21. About 4.41 million shares traded hands or 2043.15% up from the average. GLI Finance Ltd (LON:GLIF) has declined 32.13% since April 7, 2016 and is downtrending. It has underperformed by 33.34% the S&P500.
Another recent and important GLI Finance Ltd (LON:GLIF) news was published by Uk.Finance.Yahoo.com which published an article titled: “GLI Finance Limited (GLIF.L)” on March 29, 2014.
GLI Finance Limited provides finance to small and medium sized enterprises . The company has a market cap of 104.73 million GBP. The Company’s objective is to produce a stable and predictable dividend yield, with long-term preservation of net asset value, and its investment policy is to invest primarily in senior secured loans. It currently has negative earnings. The Firm provides loans to SMEs through various finance platforms.
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