The stock of Luceco PLC (LON:LUCE) hit a new 52-week low and has GBX 130.50 target or 13.00% below today’s GBX 150.00 share price. The 8 months bearish chart indicates high risk for the GBX 241.20M company. The 1-year low was reported on Nov, 8 by Barchart.com. If the GBX 130.50 price target is reached, the company will be worth GBX 31.36M 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 3.45% or GBX 5 on November 8, hitting GBX 150. About 204,041 shares traded hands. Luceco PLC (LON:LUCE) has risen 6.00% since October 9, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.
Another recent and important Luceco PLC (LON:LUCE) news was published by Ft.com which published an article titled: “Helicopter drop of RBS stock needed” on October 17, 2016.
Luceco plc offers a range of brands, including Luceco, BG Electrical, Masterplug and Ross. The company has a market cap of 241.20 million GBP. The Company’s products include Luxpanel, Epsilon and ambient lighting. It has a 29.71 P/E ratio. Luceco light emitting diode lighting provides commercial and domestic lighting solutions.
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