Atlas Mara Ltd on Focus After Trading At 52-Week Lows

 Atlas Mara Ltd on Focus After Trading At 52 Week Lows

The stock of Atlas Mara Ltd (LON:ATMA) hit a new 52-week low and has GBX 2.16 target or 12.00% below today’s GBX 2.45 share price. The 6 months bearish chart indicates high risk for the GBX 171.04 million company. The 1-year low was reported on Nov, 8 by Barchart.com. If the GBX 2.16 price target is reached, the company will be worth GBX 20.52M 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 2.00% or GBX 0.05 on November 8, hitting GBX 2.45. About 225,403 shares traded hands or 1072.94% up from the average. Atlas Mara Ltd (LON:ATMA) has declined 47.48% since April 7, 2016 and is downtrending. It has underperformed by 49.44% the S&P500.

More notable recent Atlas Mara Ltd (LON:ATMA) news were published by: Bloomberg.com which released: “Diamond’s Atlas Mara Plans Job Cuts as Expenses Erode Income” on August 24, 2016, also Wsj.com with their article: “Bob Diamond’s Atlas Mara Posts $6.7 Million Loss” published on May 26, 2016, Bloomberg.com published: “Atlas Mara Drops to Record Low as Analyst Slashes Profit Targets” on August 18, 2016. More interesting news about Atlas Mara Ltd (LON:ATMA) were released by: Bloomberg.com and their article: “Diamond’s Atlas Mara’s Profit Drops 44% on Currency Impact” published on October 25, 2016 as well as Wsj.com‘s news article titled: “Bob Diamond’s Atlas Mara May Combine With Barclays Africa” with publication date: April 26, 2016.

Atlas Mara Limited is a financial services company. The company has a market cap of 171.04 million GBP. The Firm operates through four divisions: Southern Africa, East Africa, West Africa and Corporate. It has a 21.27 P/E ratio. The Company’s Southern Africa segment includes the activities of BancABC, excluding Tanzania, as well as BancABC’s holding company, ABC Holdings Limited and various affiliated non-bank Group entities.

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