The stock of Adept4 PLC (LON:AD4) hit a new 52-week low and has GBX 5.64 target or 14.00% below today’s GBX 6.56 share price. The 8 months bearish chart indicates high risk for the GBX 15.73M company. The 1-year low was reported on Nov, 8 by Barchart.com. If the GBX 5.64 price target is reached, the company will be worth GBX 2.20M 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 0.94% or GBX 0.06 on November 8, hitting GBX 6.56. About 124,032 shares traded hands or 157.26% up from the average. Adept4 PLC (LON:AD4) has declined 11.67% since April 8, 2016 and is downtrending. It has underperformed by 13.62% the S&P500.
adept4 plc, formerly Pinnacle Technology Group plc, is engaged in the provision of information technology and communications services to the United Kingdom business market. The company has a market cap of 15.73 million GBP.
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