What’s Propelling Exfo Inc to Reach 52-Week High?

 What's Propelling Exfo Inc to Reach 52 Week High?

The stock of Exfo Inc (TSE:EXF) hit a new 52-week high and has $14.42 target or 157.00% above today’s $5.61 share price. The 8 months bullish chart indicates low risk for the $309.13 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $14.42 price target is reached, the company will be worth $485.33 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2,085 shares traded hands. Exfo Inc (TSE:EXF) has risen 17.88% since April 7, 2016 and is uptrending. It has outperformed by 11.73% the S&P500.

More news for Exfo Inc (TSE:EXF) were recently published by: Seekingalpha.com, which released: “Plug Into EXFO Inc” on October 18, 2016. Streetinsider.com‘s article titled: “EXFO, Inc. (EXFO) Acquires Majority of Absolute Analysis Assets” and published on October 31, 2016 is yet another important article.

EXFO Inc., formerly EXFO Electro-Optical Engineering Inc., designs, makes and markets test, service assurance and network visibility solutions for fixed and mobile network operators, Web-scale service providers, as well as equipment manufacturers in the global telecommunications industry. The company has a market cap of $309.13 million. The Firm focuses on network infrastructures, including fourth generation /long-term evolution (LTE), wireless backhaul, small cells and distributed antenna systems (DAS), 100G network upgrades and fiber-to-the-home (FTTH)/fiber-to-the-curb (FTTC)/fiber-to-the-node (FTTN) deployments. It has a 25.58 P/E ratio. It also offers service assurance for next-generation Internet Protocol (IP) networks and into test equipment for second generation (2G) and third generation (3G).

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