After Reaching 52-Week High, Is FW Thorpe plc’s Near-Term Analysis Positive?

 After Reaching 52 Week High, Is FW Thorpe plc's Near Term Analysis Positive?

The stock of FW Thorpe plc (LON:TFW) hit a new 52-week high and has GBX 393.01 target or 37.00% above today’s GBX 286.87 share price. The 5 months bullish chart indicates low risk for the GBX 331.84 million company. The 1-year high was reported on Nov, 15 by Barchart.com. If the GBX 393.01 price target is reached, the company will be worth GBX 122.78M 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. The stock increased 4.94% or GBX 13.5 on November 15, hitting GBX 286.87. About 18,858 shares traded hands. FW Thorpe plc (LON:TFW) has risen 14.38% since April 18, 2016 and is uptrending. It has outperformed by 10.46% the S&P500.

More notable recent FW Thorpe plc (LON:TFW) news were published by: Uk.Finance.Yahoo.com which released: “-LSE Ticker: C9ZLX9/ISIN: GB00BC9ZLX92” on March 30, 2014, also Fool.Co.Uk with their article: “Could Banco Santander SA, Idox plc and FW Thorpe plc help you retire early?” published on May 23, 2016, Fool.Co.Uk published: “Should You Buy Netplay TV Plc, FW Thorpe plc And Amur Minerals Corporation On …” on March 21, 2016. More interesting news about FW Thorpe plc (LON:TFW) were released by: Fool.Co.Uk and their article: “3 Great Shares For Your ISA You’ve Probably Never Heard Of: James Halstead PLC …” published on March 30, 2015 as well as Ft.com‘s news article titled: “Think small as large-caps’ performance dwindles” with publication date: January 08, 2016.

FW Thorpe Plc is a United Kingdom-based company, which specializes in designing, manufacturing and supplying of professional lighting equipment. The company has a market cap of 331.84 million GBP. The Firm operates in eight business divisions based on the products and customer base in the lighting market. It has a 25.59 P/E ratio. These divisions include Thorlux, Lightronics Participaties B.V., Compact Lighting Limited, Philip Payne Limited, Solite Europe Limited, Portland Lighting Limited, TRT Lighting Limited and Thorlux Lighting LLC.

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