Could Canam Group Inc. Crash Even More? The Stock Just Made 52-Week Low

 Could Canam Group Inc. Crash Even More? The Stock Just Made 52 Week Low

The stock of Canam Group Inc. (TSE:CAM) hit a new 52-week low and has $7.56 target or 11.00% below today’s $8.49 share price. The 9 months bearish chart indicates high risk for the $388.59 million company. The 1-year low was reported on Nov, 4 by Barchart.com. If the $7.56 price target is reached, the company will be worth $42.74M 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 13,097 shares traded hands. Canam Group Inc. (TSE:CAM) has declined 33.28% since March 31, 2016 and is downtrending. It has underperformed by 34.37% the S&P500.

Canam Group Inc. (TSE:CAM) Ratings Coverage

Out of 2 analysts covering Canam Group Inc. (TSE:CAM), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $19 is the highest target while $11 is the lowest. The $14.13 average target is 66.43% above today’s ($8.49) stock price. Canam Group Inc. has been the topic of 8 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, October 28 by Laurentian. The firm has “Buy” rating by Laurentian given on Friday, July 15.

Another recent and important Canam Group Inc. (TSE:CAM) news was published by Reuters.com which published an article titled: “BRIEF-Canam Group Inc says it has reorganized its structural steel activit…” on August 26, 2016.

Canam Group Inc. is engaged in designing integrated solutions and fabricating products for the North American construction industry. The company has a market cap of $388.59 million. The Firm operates through the construction products segment, which includes many complementary goods and services. It has a 28.39 P/E ratio. The Company’s service offer extends from the preconstruction phase to project management, including the erection of structural steel components.

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