The stock of Avigilon Corp (TSE:AVO) hit a new 52-week low and has $7.25 target or 11.00% below today’s $8.15 share price. The 7 months bearish chart indicates high risk for the $352.37 million company. The 1-year low was reported on Nov, 8 by Barchart.com. If the $7.25 price target is reached, the company will be worth $38.76M 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. About 12,703 shares traded hands. Avigilon Corp (TSE:AVO) has declined 46.06% since April 1, 2016 and is downtrending. It has underperformed by 48.02% the S&P500.
Avigilon Corp (TSE:AVO) Ratings Coverage
Out of 6 analysts covering Avigilon Corp (TSE:AVO), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. $21 is the highest target while $12 is the lowest. The $15.83 average target is 94.23% above today’s ($8.15) stock price. Avigilon Corp has been the topic of 10 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Scotia Capital maintained the stock with “Sector Perform” rating in Wednesday, August 31 report. IBC downgraded Avigilon Corp (TSE:AVO) rating on Friday, August 19. IBC has “Sector Perform” rating and $14 price target.
More news for Avigilon Corp (TSE:AVO) were recently published by: Fool.ca, which released: “Avigilon Corp.: Growth at a Bargain Price?” on September 09, 2016. Fool.ca‘s article titled: “Should You Buy Avigilon Corp. Under $16 After its Earnings Report?” and published on July 31, 2015 is yet another important article.
Avigilon Corporation is a provider of business intelligence and security solutions. The company has a market cap of $352.37 million. The Firm operates through the segment in which it designs, makes and markets video surveillance and access control software and equipment for the global security market. It has a 25.7 P/E ratio. The Company’s security solutions are installed at school campuses, transportation systems, healthcare centers, public venues, prisons, factories, casinos, airports, financial institutions, government facilities and retailers.
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