What’s Next for Carmanah Technologies Corp After Today’s Huge Decline?

 What's Next for Carmanah Technologies Corp After Today's Huge Decline?

The stock of Carmanah Technologies Corp (TSE:CMH) is a huge mover today! About 15,450 shares traded hands. Carmanah Technologies Corp (TSE:CMH) has declined 25.98% since April 8, 2016 and is downtrending. It has underperformed by 30.96% the S&P500.
The move comes after 5 months negative chart setup for the $95.63 million company. It was reported on Nov, 14 by Barchart.com. We have $3.47 PT which if reached, will make TSE:CMH worth $9.56 million less.

More important recent Carmanah Technologies Corp (TSE:CMH) news were published by: Theglobeandmail.com which released: “One of Canada’s oldest ‘green tech’ firms is finally starting to reward investors” on January 08, 2015, also Reuters.com published article titled: “BRIEF-Carmanah Technologies Q3 revenue falls 9 pct”, Streetinsider.com published: “GlobalStar (GSAT) Enters Strategic Agreement with Carmanah” on August 30, 2016. More interesting news about Carmanah Technologies Corp (TSE:CMH) was released by: Reuters.com and their article: “BRIEF-Carmanah to divest its power division” with publication date: October 11, 2016.

Carmanah Technologies Corp is engaged in the business of developing and distributing renewable technologies, including solar-power light emitting diode lighting, and solar powered systems and equipment. The company has a market cap of $95.63 million. The Company’s divisions are Signals, Illumination and Power. It has a 5.18 P/E ratio. The Signals segment offers products for traffic, marine, airfield ground lighting, aviation/obstruction and offshore verticals.

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