The stock of Gama Aviation PLC (LON:GMAA) hit a new 52-week low and has GBX 98.90 target or 14.00% below today’s GBX 115.00 share price. The 6 months bearish chart indicates high risk for the GBX 50.26M company. The 1-year low was reported on Nov, 10 by Barchart.com. If the GBX 98.90 price target is reached, the company will be worth GBX 7.04M 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 0.86% or GBX 1 on November 10, hitting GBX 115. About 35,464 shares traded hands. Gama Aviation PLC (LON:GMAA) has declined 56.72% since April 12, 2016 and is downtrending. It has underperformed by 62.36% the S&P500.
More important recent Gama Aviation PLC (LON:GMAA) news were published by: Businesswire.com which released: “Gama Aviation Plc: Conditional acquisition of Aviation Beauport Limited …” on January 08, 2016, also Mondaq.com published article titled: “Walkers’ Jersey Office Has Advised Gama Aviation PLC On The Acquisition Of …”, Businesswire.com published: “Gama Aviation Opens Unique New Base for NHS Scotland” on October 21, 2015. More interesting news about Gama Aviation PLC (LON:GMAA) was released by: Fool.Co.Uk and their article: “Should you buy Capital & Regional plc, Manx Telecom plc and Gama Aviation plc …” with publication date: July 13, 2016.
Gama Aviation plc, formerly Hangar 8 PLC, is a global aviation services company. The company has a market cap of 50.26 million GBP. The Firm provides management, charter, special missions, logistics, maintenance, design and fixed base activities services to its business aviation customers. It has a 1.48 P/E ratio. The Company’s divisions include US: Air, US: Ground, Europe: Air, Europe: Ground, MENA: Air, MENA: Ground, Asia: Air and Other.
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