The stock of One Media IP Group PLC (LON:OMIP) reached all time low today, Nov, 11 and still has GBX 2.86 target or 12.00% below today’s GBX 3.25 share price. This indicates more downside for the GBX 1.70 million company. This technical setup was reported by Barchart.com. If the GBX 2.86 PT is reached, the company will be worth GBX 204,000 less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock increased 18.15% or GBX 0.5 on November 11, hitting GBX 3.25. About 35,000 shares traded hands. One Media IP Group PLC (LON:OMIP) has declined 37.14% since April 14, 2016 and is downtrending. It has underperformed by 43.29% the S&P500.
One Media iP Group Plc is engaged in the acquisition and exploitation of mixed media intellectual property rights, including music, video, spoken word and digital books, for distribution through the digital medium and through traditional media outlets. The company has a market cap of 1.70 million GBP. The Firm also licenses its music content for use in television and film advertising video games and corporate Websites. It has a 10.41 P/E ratio. The Firm operates through the digital net-label market segment.
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