Is Selling Game Digital PLC Here a Winning Strategy?

 Is Selling Game Digital PLC Here a Winning Strategy?

The stock of Game Digital PLC (LON:GMD) hit a new 52-week low and has GBX 55.80 target or 10.00% below today’s GBX 62.00 share price. The 8 months bearish chart indicates high risk for the GBX 105.93M company. The 1-year low was reported on Nov, 10 by Barchart.com. If the GBX 55.80 price target is reached, the company will be worth GBX 10.59M 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 3.12% or GBX 2 on November 10, hitting GBX 62. About 57,395 shares traded hands. Game Digital PLC (LON:GMD) has declined 48.28% since April 13, 2016 and is downtrending. It has underperformed by 53.93% the S&P500.

Game Digital PLC (LON:GMD) Ratings Coverage

Out of 3 analysts covering Game Digital (LON:GMD), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Game Digital has been the topic of 37 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Liberum Capital maintained it with “Buy” rating and GBX 290 target price in Monday, November 30 report. Canaccord Genuity maintained it with “Buy” rating and GBX 285 target price in Tuesday, August 11 report. The stock has “Buy” rating given by Liberum Capital on Monday, September 14. The stock of Game Digital PLC (LON:GMD) has “Hold” rating given on Thursday, May 5 by Liberum Capital. On Wednesday, September 2 the stock rating was maintained by Liberum Capital with “Buy”. Liberum Capital maintained Game Digital PLC (LON:GMD) on Thursday, October 15 with “Buy” rating. Liberum Capital maintained the shares of GMD in a report on Monday, October 5 with “Buy” rating. The stock of Game Digital PLC (LON:GMD) has “Buy” rating given on Monday, October 19 by Liberum Capital. The firm earned “Hold” rating on Wednesday, April 13 by HSBC. The company was maintained on Wednesday, September 28 by Liberum Capital.

More important recent Game Digital PLC (LON:GMD) news were published by: Uk.Finance.Yahoo.com which released: “GAME Digital plc (GMD.L)” on June 11, 2014, also Fool.Co.Uk published article titled: “Could Hornby plc, Ithaca Energy Inc. & Game Digital plc double in the next 6 …”, Fool.Co.Uk published: “Should You Buy Game Digital PLC & Persimmon plc On Wednesday?” on December 23, 2015. More interesting news about Game Digital PLC (LON:GMD) was released by: Fool.Co.Uk and their article: “Should You Dive Into Anglo American plc, Game Digital PLC & Lamprell Plc Today?” with publication date: March 23, 2016.

GAME Digital plc is an omni-channel specialist retailer of video games, providing the Company’s clients with a one-stop shop for video games, consoles and content through its stores, online and mobile channels. The company has a market cap of 105.93 million GBP. The Firm offers a range of new and pre-owned gaming and gaming-related products, including hardware, physical and digital content, accessories, licensed merchandise and GAMEWare, as well as mobile devices and movies. It has a 19.55 P/E ratio.

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