Could Reko International Group Inc See a Reversal After This Very Weak Session?

 Could Reko International Group Inc See a Reversal After This Very Weak Session?

The stock of Reko International Group Inc (CVE:REK) is a huge mover today! About 12,300 shares traded hands or 67.35% up from the average. Reko International Group Inc (CVE:REK) has risen 6.00% since October 11, 2016 and is uptrending. It has outperformed by 0.35% the S&P500.
The move comes after 6 months negative chart setup for the $29.00 million company. It was reported on Nov, 10 by Barchart.com. We have $3.92 PT which if reached, will make CVE:REK worth $2.90M less.

More important recent Reko International Group Inc (CVE:REK) news were published by: Marketwired.com which released: “Reko International Group Inc. Announces Appointment of New Chief Financial Officer” on November 02, 2015, also Marketwired.com published article titled: “Reko International Group Announces Major Precision Machining Contract”, Marketwired.com published: “Reko Announces Contract Extension” on July 04, 2016. More interesting news about Reko International Group Inc (CVE:REK) was released by: Reuters.com and their article: “BRIEF-Reko International announces fourth quarter results” with publication date: March 26, 2013.

Reko International Group Inc. designs and makes a range of engineered services and products for original equipment manufacturers and their Tier 1 suppliers in various sectors, such as rail equipment, gas and oil distribution, mining, military, capital equipment and automotive.. The company has a market cap of $29.00 million. These products include custom machining of castings and assemblies to high precision tolerances, specialty machines and lean cell factory automation, compression molds, hydroform dies, plastic injection molds, fixtures and gauges. It has a 5.21 P/E ratio. For the transportation and gas and oil industry, it machines customer supplied metal castings to customer indicated specifications.

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