The stock of Artilium plc (LON:ARTA) hit a new 52-week high and has GBX 10.50 target or 53.00% above today’s GBX 6.86 share price. The 7 months bullish chart indicates low risk for the GBX 22.10M company. The 1-year high was reported on Nov, 15 by Barchart.com. If the GBX 10.50 price target is reached, the company will be worth GBX 11.71 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. The stock increased 3.55% or GBX 0.24 on November 15, hitting GBX 6.86. About 33,800 shares traded hands. Artilium plc (LON:ARTA) has risen 17.78% since April 18, 2016 and is uptrending. It has outperformed by 13.85% the S&P500.
More news for Artilium plc (LON:ARTA) were recently published by: Uk.Finance.Yahoo.com, which released: “-LSE Ticker: 1L7NQ3/ISIN: GB00B1L7NQ30” on April 06, 2014. Fool.Co.Uk‘s article titled: “Are Rolls-Royce Holding PLC, Chemring Group plc And Artilium plc About To Post …” and published on February 11, 2016 is yet another important article.
Artilium plc operates in the business to business communications sector delivering software solutions. The company has a market cap of 22.10 million GBP. The Company’s ARTA Mobile Applications Platform enables network operators to open networks to third party developers and launch new services which feature elements from the telecoms and Web environments. It currently has negative earnings. The ARTA Mobile Applications Platform supports multiple configurations depending upon the requirements of the operator and managed services provider.
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