The stock of Lingo Media Corporation (CVE:LM) hit a new 52-week low and has $0.30 target or 14.00% below today’s $0.35 share price. The 6 months bearish chart indicates high risk for the $12.10 million company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $0.30 price target is reached, the company will be worth $1.69 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 58,500 shares traded hands. Lingo Media Corporation (CVE:LM) has risen 6.00% since October 15, 2016 and is uptrending. It has outperformed by 1.02% the S&P500.
More notable recent Lingo Media Corporation (CVE:LM) news were published by: Midasletter.com which released: “Small Cap Discoveries Editor Paul Andreola on Lingo Media Corp (CVE:LM …” on January 12, 2016, also Seekingalpha.com with their article: “Lingo Media: High Growth Education Technology At A Fair Price” published on May 09, 2016, Midasletter.com published: “Lingo Media Corporation CEO Michael Kraft Takes on Rosetta Stone Inc. (RST)” on September 29, 2015. More interesting news about Lingo Media Corporation (CVE:LM) were released by: Midasletter.com and their article: “Lingo Media Deal with SENA is a Breakthrough Milestone” published on November 16, 2015 as well as Midasletter.com‘s news article titled: “Lingo Media Corporation COO Gali Bar-Ziv on Beating Rosetta Stone Inc. in …” with publication date: October 14, 2015.
Lingo Media Corporation is a global EdTech company. The company has a market cap of $12.10 million. By integrating education and technology, the Company empowers English language educators to easily transition from traditional teaching methods to digital learning. It has a 5.63 P/E ratio. The Firm provides both online and print solutions through two business units: ELL Technologies and Lingo Learning.
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