The stock of Laura Ashley Holdings plc (LON:ALY) hit a new 52-week low and has GBX 16.97 target or 13.00% below today’s GBX 19.50 share price. The 7 months bearish chart indicates high risk for the GBX 141.45 million company. The 1-year low was reported on Nov, 3 by Barchart.com. If the GBX 16.97 price target is reached, the company will be worth GBX 18.39M 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 1.96% or GBX 0.38 on November 3, hitting GBX 19.5. About 239,736 shares traded hands. Laura Ashley Holdings plc (LON:ALY) has declined 21.61% since April 7, 2016 and is downtrending. It has underperformed by 22.82% the S&P500.
More important recent Laura Ashley Holdings plc (LON:ALY) news were published by: Fool.Co.Uk which released: “Will Laura Ashley Holdings plc, Fastjet PLC And Rio Tinto plc’s Share Price …” on March 23, 2016, also Fool.Co.Uk published article titled: “3 Reasons Why I’d Buy Rio Tinto plc and Laura Ashley Holdings plc Today”, Uk.Finance.Yahoo.com published: “Laura Ashley Holdings plc (ALY.L)” on March 30, 2014. More interesting news about Laura Ashley Holdings plc (LON:ALY) was released by: Fool.Co.Uk and their article: “Should You Buy These High-Yielding Shares? HSBC Holdings plc, AstraZeneca plc …” with publication date: June 16, 2015.
Laura Ashley Holdings plc is engaged in designing and manufacturing products for home and fashion. The company has a market cap of 141.45 million GBP. The Company’s divisions include Retail and Non-Retail. It has a 13.77 P/E ratio. The Retail segment includes sales through Laura Ashley’s Managed Stores, Mail Order, e-Commerce and Hotel.
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