What’s Propelling PV Crystalox Solar PLC to Reach 52-Week High?

 What's Propelling PV Crystalox Solar PLC to Reach 52 Week High?

The stock of PV Crystalox Solar PLC (LON:PVCS) hit a new 52-week high and has GBX 42.33 target or 104.00% above today’s GBX 20.75 share price. The 9 months bullish chart indicates low risk for the GBX 33.10 million company. The 1-year high was reported on Nov, 8 by Barchart.com. If the GBX 42.33 price target is reached, the company will be worth GBX 34.42M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.60% or GBX 0.12 on November 8, hitting GBX 20.75. About 234,571 shares traded hands. PV Crystalox Solar PLC (LON:PVCS) has risen 62.14% since April 8, 2016 and is uptrending. It has outperformed by 60.18% the S&P500.

More recent PV Crystalox Solar PLC (LON:PVCS) news were published by: Fool.Co.Uk which released: “3 Small Caps Set To Soar: Quarto Group Inc, PV Crystalox Solar PLC, Vernalis plc?” on March 17, 2016. Also Fool.Co.Uk published the news titled: “Why PV Crystalox Solar PLC has Slumped Today” on August 21, 2014. Valuewalk.com‘s news article titled: “PV Crystalox Solar – Your Free Net Net Stock Pick For February” with publication date: March 08, 2016 was also an interesting one.

PV Crystalox Solar PLC is a supplier to the photovoltaic industry, producing multicrystalline silicon wafers for use in solar electricity generation systems. The company has a market cap of 33.10 million GBP. The Company’s three-stage production process includes Ingot production, block production and wafer production. It has a 96.06 P/E ratio. The Company’s subsidiaries include Crystalox Solar Limited and PV Crystalox Solar Silicon GmbH.

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