The stock of Manx Financial Group PLC (LON:MFX) hit a new 52-week low and has GBX 5.66 target or 13.00% below today’s GBX 6.50 share price. The 8 months bearish chart indicates high risk for the GBX 6.87M company. The 1-year low was reported on Nov, 8 by Barchart.com. If the GBX 5.66 price target is reached, the company will be worth GBX 893,100 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 3.70% or GBX 0.25 on November 8, hitting GBX 6.5. Manx Financial Group PLC (LON:MFX) has declined 28.95% since April 7, 2016 and is downtrending. It has underperformed by 30.90% the S&P500.
More news for Manx Financial Group PLC (LON:MFX) were recently published by: Uk.Finance.Yahoo.com, which released: “Manx Financial Group PLC. (MFX.L)” on April 01, 2014. Fool.Co.Uk‘s article titled: “Should You Buy Reckitt Benckiser Group Plc, KCOM Group plc, Dairy Crest Group …” and published on October 12, 2015 is yet another important article.
Manx Financial Group PLC is the holding firm of a diversified financial services group. The company has a market cap of 6.87 million GBP. The Company, through its subsidiaries, operates as an independent banking company. It has a 3.6 P/E ratio. The Firm offers retail and commercial banking services, payment solutions, foreign exchange, money saving solutions, wealth management, general insurance and life insurance, through its subsidiaries.
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