The stock of DH Corp (TSE:DH) hit a new 52-week low and has $14.25 target or 5.00% below today’s $15.00 share price. The 7 months bearish chart indicates high risk for the $1.53 billion company. The 1-year low was reported on Nov, 8 by Barchart.com. If the $14.25 price target is reached, the company will be worth $76.50 million 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 169,632 shares traded hands. DH Corp (TSE:DH) has declined 57.18% since April 1, 2016 and is downtrending. It has underperformed by 59.13% the S&P500.
DH Corp (TSE:DH) Ratings Coverage
Out of 6 analysts covering DH Corporation (TSE:DH), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. $51 is the highest target while $18 is the lowest. The $26.07 average target is 73.80% above today’s ($15) stock price. DH Corporation has been the topic of 20 analyst reports since July 29, 2015 according to StockzIntelligence Inc. On Tuesday, October 27 the stock rating was maintained by National Bank Canada with “Outperform”. The firm has “Sector Perform” rating given on Wednesday, November 2 by Scotia Capital. The company was maintained on Wednesday, November 2 by RBC Capital Markets. The stock of DH Corp (TSE:DH) earned “Strong Buy” rating by Raymond James on Friday, August 28. The rating was downgraded by National Bank Canada to “Sector Perform” on Thursday, November 3. The firm has “Action Buy List” rating given on Wednesday, October 28 by TD Securities. The stock has “Outperform” rating given by Scotia Capital on Wednesday, July 29.
Another recent and important DH Corp (TSE:DH) news was published by Seekingalpha.com which published an article titled: “Will DH Corp. Bounce Your Cheque?” on November 01, 2016.
DH Corporation, formerly Davis + Henderson Corporation, is a Canada financial technology provider. The company has a market cap of $1.53 billion. The Firm offers lending and payments solutions in Canada, and lending and integrated core solutions in the United States. It has a 39.94 P/E ratio. The Company’s divisions include Global Transaction Banking Solutions , which comprises its activities in the United States and other international locations; Canadian segment, which comprises its activities in Canada; Lending & Integrated Core (L&IC) segment, which comprises its activities in the United States, and Corporate.
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