The stock of Lingo Media Corporation (CVE:LM) hit a new 52-week low and has $0.33 target or 10.00% below today’s $0.37 share price. The 6 months bearish chart indicates high risk for the $12.39 million company. The 1-year low was reported on Nov, 4 by Barchart.com. If the $0.33 price target is reached, the company will be worth $1.24 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. About 78,470 shares traded hands or 7.06% up from the average. Lingo Media Corporation (CVE:LM) has risen 6.00% since October 5, 2016 and is uptrending. It has outperformed by 4.91% the S&P500.
More notable recent Lingo Media Corporation (CVE:LM) news were published by: Midasletter.com which released: “Lingo Media Corporation CEO Michael Kraft Takes on Rosetta Stone Inc. (RST)” on September 29, 2015, also Midasletter.com with their article: “Small Cap Discoveries Editor Paul Andreola on Lingo Media Corp (CVE:LM …” published on January 12, 2016, Seekingalpha.com published: “Lingo Media: High Growth Education Technology At A Fair Price” on May 09, 2016. More interesting news about Lingo Media Corporation (CVE:LM) were released by: Marketwired.com and their article: “Lingo Media to Establish North American Sales Channel” published on May 13, 2016 as well as Midasletter.com‘s news article titled: “Lingo Media Deal with SENA is a Breakthrough Milestone” with publication date: November 16, 2015.
Lingo Media Corporation is a global EdTech company. The company has a market cap of $12.39 million. By integrating education and technology, the Company empowers English language educators to easily transition from traditional teaching methods to digital learning. It has a 6.04 P/E ratio. The Firm provides both online and print solutions through two business units: ELL Technologies and Lingo Learning.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.