Is Selling Laird PLC Here a Winning Strategy?

 Is Selling Laird PLC Here a Winning Strategy?

The stock of Laird PLC (LON:LRD) hit a new 52-week low and has GBX 123.14 target or 11.00% below today’s GBX 138.36 share price. The 6 months bearish chart indicates high risk for the GBX 375.64M company. The 1-year low was reported on Nov, 7 by Barchart.com. If the GBX 123.14 price target is reached, the company will be worth GBX 41.32 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. The stock increased 2.64% or GBX 3.56 on November 7, hitting GBX 138.36. About 3.92 million shares traded hands or 61.98% up from the average. Laird PLC (LON:LRD) has declined 62.21% since April 8, 2016 and is downtrending. It has underperformed by 64.16% the S&P500.

Laird PLC (LON:LRD) Ratings Coverage

Out of 9 analysts covering Laird PLC (LON:LRD), 3 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 33% are positive. Laird PLC has been the topic of 54 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Equal Weight” rating given on Friday, July 31 by Barclays Capital. The firm has “Overweight” rating given on Tuesday, May 3 by JP Morgan. The stock has “Buy” rating given by Numis Securities on Monday, February 1. Liberum Capital maintained Laird PLC (LON:LRD) rating on Thursday, December 10. Liberum Capital has “Hold” rating and GBX 325 price target. Liberum Capital maintained Laird PLC (LON:LRD) on Friday, October 30 with “Hold” rating. The company was maintained on Tuesday, September 1 by Numis Securities. The firm has “Overweight” rating given on Thursday, August 18 by JP Morgan. The stock has “Hold” rating given by Liberum Capital on Thursday, July 30. The firm has “Buy” rating by Numis Securities given on Wednesday, March 9. The firm has “Buy” rating by Investec given on Thursday, February 11.

More news for Laird PLC (LON:LRD) were recently published by: Reuters.com, which released: “REFILE-CORRECTED-UPDATE 1-Smartphone component supplier Laird warns of low…” on October 19, 2016. Uk.Finance.Yahoo.com‘s article titled: “-LSE Ticker: 1VNST9/ISIN: GB00B1VNST91” and published on March 30, 2014 is yet another important article.

Laird PLC is a United Kingdom-based global technology firm focused on providing systems, components and solutions that protects electronics from electromagnetic interference and heat, and that enable connectivity in various wireless applications and antenna systems. The company has a market cap of 375.64 million GBP. The Firm operated through two divisions: Wireless Systems and Performance Materials. It currently has negative earnings. The Wireless Systems segment designs, makes and supplies products that enable connectivity and remote smart systems for use in specialized industrial applications.

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