Defenx PLC Just Reaches 52-Week Low?

 Defenx PLC Just Reaches 52 Week Low?

The stock of Defenx PLC (LON:DFX) hit a new 52-week low and has GBX 66.99 target or 13.00% below today’s GBX 77.00 share price. The 9 months bearish chart indicates high risk for the GBX 6.68 million company. The 1-year low was reported on Nov, 3 by Barchart.com. If the GBX 66.99 price target is reached, the company will be worth GBX 868,400 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. The stock decreased 2.53% or GBX 2 on November 3, hitting GBX 77. About 4,500 shares traded hands. Defenx PLC (LON:DFX) has declined 37.75% since April 6, 2016 and is downtrending. It has underperformed by 38.96% the S&P500.

Defenx PLC provides security solutions with a range of products for mobile devices and personal computers , protecting them against hackers and data loss. The company has a market cap of 6.68 million GBP. The Firm offers Defenx Mobile Security Suite for iPhone operating system (iOS) and enterprise network attached storage (NAS) antivirus software. It currently has negative earnings. It operates through three divisions: Mobile, PC and NAS.

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