The stock of Ten Peaks Coffee Co Inc (TSE:TPK) hit a new 52-week low and has $5.46 target or 10.00% below today’s $6.07 share price. The 5 months bearish chart indicates high risk for the $54.08M company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $5.46 price target is reached, the company will be worth $5.41 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. About 17,390 shares traded hands or 26.70% up from the average. Ten Peaks Coffee Co Inc (TSE:TPK) has declined 25.75% since April 8, 2016 and is downtrending. It has underperformed by 30.73% the S&P500.
More notable recent Ten Peaks Coffee Co Inc (TSE:TPK) news were published by: Reuters.com which released: “BRIEF-Ten peaks Coffee Company closes $15 mln issue of convertible debentu…” on October 11, 2016, also Seekingalpha.com with their article: “Ten Peaks Coffee: Wait For A Pullback (SWSSF)” published on June 23, 2015, Marketwired.com published: “Ten Peaks Coffee Company Closes $15 Million Issue of Convertible Debenture by …” on October 11, 2016. More interesting news about Ten Peaks Coffee Co Inc (TSE:TPK) were released by: Marketwired.com and their article: “Ten Peaks Coffee Company Reports Results for Q1 2016; Earnings Per Share Up …” published on May 11, 2016 as well as Marketwired.com‘s news article titled: “Ten Peaks Coffee Company Reports Results for Second Quarter and First Half of …” with publication date: August 11, 2016.
Ten Peaks Coffee Company Inc. is a specialty coffee company. The company has a market cap of $54.08 million. The Firm operates through two subsidiaries, Swiss Water Decaffeinated Coffee Company, Inc. and Seaforth Supply Chain Solutions Inc. (Seaforth). It has a 24.14 P/E ratio. SWDCC is a green coffee decaffeinator located in Burnaby, British Columbia.
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