The stock of BH Global Limited (LON:BHGG) hit a new 52-week low and has GBX 1015.66 target or 14.00% below today’s GBX 1181.00 share price. The 5 months bearish chart indicates high risk for the GBX 380.27M company. The 1-year low was reported on Nov, 9 by Barchart.com. If the GBX 1015.66 price target is reached, the company will be worth GBX 53.24 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. The stock decreased 0.25% or GBX 3 on November 9, hitting GBX 1181. About 14,576 shares traded hands. BH Global Limited (LON:BHGG) has declined 4.67% since March 30, 2016 and is downtrending. It has underperformed by 9.45% the S&P500.
More news for BH Global Limited (LON:BHGG) were recently published by: Bloomberg.com, which released: “Jeb Bush Has a Mitt Romney Problem” on December 11, 2014. Valuewalk.com‘s article titled: “Brevan Howard Global September 2016 Commentary “Japan’s near-term future is …” and published on November 03, 2016 is yet another important article.
BH Global Limited is a Guernsey-based closed-ended investment company. The company has a market cap of 380.27 million GBP. The Company’s investment objective is to seek to generate consistent long-term capital appreciation through an investment policy of investing all of its assets in Brevan Howard Multi-Strategy Master Fund Limited (BHMS or the Master Fund), an open-ended investment company. It currently has negative earnings. BHMS invests in a range of instruments, including debt securities and obligations, bank loans, listed and unlisted equities, and other collective investment schemes or vehicles, among others.
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