The stock of GLI Finance Ltd (LON:GLIF) hit a new 52-week low and has GBX 18.27 target or 13.00% below today’s GBX 21.00 share price. The 8 months bearish chart indicates high risk for the GBX 104.73M company. The 1-year low was reported on Nov, 3 by Barchart.com. If the GBX 18.27 price target is reached, the company will be worth GBX 13.61 million 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 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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