The stock of Premier Asset Management Group PLC (LON:PAM) hit a new 52-week low and has GBX 113.92 target or 11.00% below today’s GBX 128.00 share price. The 5 months bearish chart indicates high risk for the GBX 135.95 million company. The 1-year low was reported on Nov, 10 by Barchart.com. If the GBX 113.92 price target is reached, the company will be worth GBX 14.95 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 increased 1.19% or GBX 1.5 on November 10, hitting GBX 128. About 6,207 shares traded hands. Premier Asset Management Group PLC (LON:PAM) has risen 6.00% since October 11, 2016 and is uptrending. It has outperformed by 0.35% the S&P500.
More news for Premier Asset Management Group PLC (LON:PAM) were recently published by: Reuters.com, which released: “BRIEF-Electra Private Equity to draw 36 mln stg from Premier Asset Managem…” on October 04, 2016. Reuters.com‘s article titled: “Lender Paragon to buy asset finance brokerage Premier Asset Finance” and published on October 03, 2016 is yet another important article.
Premier Asset Management Group PLC is a retail asset management group with a focus on delivering investment outcomes for investors through relevant products and active management across its range of investment strategies, which include multi-asset, equity and absolute return funds. The company has a market cap of 135.95 million GBP. The Firm offers a range of investment types, including mutual funds, closed-ended investment companies and a portfolio management service. It has a 144.14 P/E ratio. The Firm has a particular focus on multi-asset and income investment management, which addresses retail investor demand in these sectors.
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