Time to Buy Zamano Plc After Reaching 52-Week Low?

 Time to Buy Zamano Plc After Reaching 52 Week Low?

The stock of Zamano Plc (LON:ZMNO) hit a new 52-week low and has GBX 5.28 target or 12.00% below today’s GBX 6.00 share price. The 9 months bearish chart indicates high risk for the GBX 5.89 million company. The 1-year low was reported on Nov, 4 by Barchart.com. If the GBX 5.28 price target is reached, the company will be worth GBX 706,800 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 decreased 2.04% or GBX 0.12 on November 4, hitting GBX 6. About 271,000 shares traded hands. Zamano Plc (LON:ZMNO) has declined 45.45% since April 6, 2016 and is downtrending. It has underperformed by 46.54% the S&P500.

Another recent and important Zamano Plc (LON:ZMNO) news was published by Uk.Finance.Yahoo.com which published an article titled: “-LSE Ticker: 1G17W4/ISIN: IE00B1G17W46” on March 10, 2014.

zamano plc is an investment holding company. The company has a market cap of 5.89 million GBP. The Firm and its subsidiaries are involved in the provision of mobile data services and technology in the United Kingdom, Ireland, Australia and Eastern Europe. It has a 3.72 P/E ratio. The Company’s divisions include Republic of Ireland (ROI) and United Kingdom (UK).

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