The stock of Atlas Mara Ltd (LON:ATMA) reached all time low today, Nov, 3 and still has GBX 2.52 target or 10.00% below today’s GBX 2.80 share price. This indicates more downside for the GBX 195.47 million company. This technical setup was reported by Barchart.com. If the GBX 2.52 PT is reached, the company will be worth GBX 19.55M 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 1.41% or GBX 0.04 on November 3, hitting GBX 2.8. About 234,913 shares traded hands or 1979.43% up from the average. Atlas Mara Ltd (LON:ATMA) has declined 41.97% since April 5, 2016 and is downtrending. It has underperformed by 43.18% the S&P500.
More notable recent Atlas Mara Ltd (LON:ATMA) news were published by: Bloomberg.com which released: “Diamond’s Atlas Mara Plans Job Cuts as Expenses Erode Income” on August 24, 2016, also Bloomberg.com with their article: “Diamond’s Atlas Mara’s Profit Drops 44% on Currency Impact” published on October 25, 2016, Wsj.com published: “Bob Diamond’s Atlas Mara Posts $6.7 Million Loss” on May 26, 2016. More interesting news about Atlas Mara Ltd (LON:ATMA) were released by: Wsj.com and their article: “Bob Diamond’s Atlas Mara May Combine With Barclays Africa” published on April 26, 2016 as well as Bloomberg.com‘s news article titled: “Atlas Mara Drops to Record Low as Analyst Slashes Profit Targets” with publication date: August 18, 2016.
Atlas Mara Limited is a financial services company. The company has a market cap of 195.47 million GBP. The Firm operates through four divisions: Southern Africa, East Africa, West Africa and Corporate. It has a 24.31 P/E ratio. The Company’s Southern Africa segment includes the activities of BancABC, excluding Tanzania, as well as BancABC’s holding company, ABC Holdings Limited and various affiliated non-bank Group entities.
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