After Reaching 52-Week Low, Is Hollywood Bowl Group PLC’s Near-Term Analysis Negative?

 After Reaching 52 Week Low, Is Hollywood Bowl Group PLC's Near Term Analysis Negative?

The stock of Hollywood Bowl Group PLC (LON:BOWL) hit a new 52-week low and has GBX 137.17 target or 14.00% below today’s GBX 159.50 share price. The 9 months bearish chart indicates high risk for the GBX 240.73M company. The 1-year low was reported on Nov, 9 by Barchart.com. If the GBX 137.17 price target is reached, the company will be worth GBX 33.70M 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 1.85% or GBX 3 on November 9, hitting GBX 159.5. About 459,282 shares traded hands or 89.21% up from the average. Hollywood Bowl Group PLC (LON:BOWL) has risen 6.00% since October 10, 2016 and is uptrending. It has outperformed by 1.22% the S&P500.

More news for Hollywood Bowl Group PLC (LON:BOWL) were recently published by: Reuters.com, which released: “BRIEF-Hollywood Bowl Group sets IPO offer price at 160 pence per share” on September 16, 2016. Reuters.com‘s article titled: “BRIEF-Electra Partners announces 266 mln stg IPO of Hollywood Bowl” and published on September 16, 2016 is yet another important article.

Hollywood Bowl Group plc is a United Kingdom ten-pin bowling operator. The company has a market cap of 240.73 million GBP. The Firm is engaged in operating various bowling centers, located on out of town multi-use leisure parks and retail parks, with all of the centers being occupied by the Company on a leasehold basis. It has a 39.12 P/E ratio. The Company’s centers are designed to offer a family entertainment experience with each center offering over 16 bowling lanes, on-site dining, licensed bars and family games arcades.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment