The stock of Ten Peaks Coffee Co Inc (TSE:TPK) hit a new 52-week low and has $5.90 target or 12.00% below today’s $6.70 share price. The 8 months bearish chart indicates high risk for the $59.88 million company. The 1-year low was reported on Nov, 4 by Barchart.com. If the $5.90 price target is reached, the company will be worth $7.19M 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 11,147 shares traded hands. Ten Peaks Coffee Co Inc (TSE:TPK) has declined 22.97% since March 31, 2016 and is downtrending. It has underperformed by 24.06% the S&P500.
More notable recent Ten Peaks Coffee Co Inc (TSE:TPK) news were published by: Seekingalpha.com which released: “Ten Peaks Coffee: Wait For A Pullback (SWSSF)” on June 23, 2015, also Marketwired.com with their article: “Ten Peaks Coffee Company Closes $15 Million Issue of Convertible Debenture by …” published on October 11, 2016, Marketwired.com published: “Ten Peaks Coffee Company to Issue Convertible Debenture By Way of Private …” on October 03, 2016. More interesting news about Ten Peaks Coffee Co Inc (TSE:TPK) were released by: Marketwired.com and their article: “Ten Peaks Coffee Company Reports Results for Q1 2016; Earnings Per Share Up …” published on May 11, 2016 as well as Marketwired.com‘s news article titled: “Ten Peaks Coffee Company Conference Call Notification: 2016 Second Quarter …” with publication date: August 08, 2016.
Ten Peaks Coffee Company Inc. is a specialty coffee company. The company has a market cap of $59.88 million. The Firm operates through two subsidiaries, Swiss Water Decaffeinated Coffee Company, Inc. and Seaforth Supply Chain Solutions Inc. (Seaforth). It has a 26.65 P/E ratio. SWDCC is a green coffee decaffeinator located in Burnaby, British Columbia.
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