The stock of Park Group plc (LON:PKG) hit a new 52-week low and has GBX 54.90 target or 10.00% below today’s GBX 61.00 share price. The 7 months bearish chart indicates high risk for the GBX 112.06M company. The 1-year low was reported on Nov, 10 by Barchart.com. If the GBX 54.90 price target is reached, the company will be worth GBX 11.21M 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 0.21% or GBX 0.12 on November 10, hitting GBX 61. About 558,780 shares traded hands or 267.82% up from the average. Park Group plc (LON:PKG) has declined 14.26% since April 12, 2016 and is downtrending. It has underperformed by 19.91% the S&P500.
More recent Park Group plc (LON:PKG) news were published by: Fool.Co.Uk which released: “Will Tesco plc, Park Group plc and Redcentric plc rise or fall by 20%?” on May 20, 2016. Also Bloomberg.com published the news titled: “S&P 500 Little Changed for Second Day Amid Stronger Factory Data” on June 01, 2016. Reuters.com‘s news article titled: “Deals of the day- Mergers and acquisitions” with publication date: April 28, 2016 was also an interesting one.
Park Group plc is a multi-retailer gift voucher and prepaid gift card business, which is engaged in delivering rewards and prepaid products to the clients and corporates in the United Kingdom. The company has a market cap of 112.06 million GBP. The Firm focuses on consumer prepayments and corporate reward and incentive programs. It has a 12.15 P/E ratio. The Company’s divisions include consumer and corporate.
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