Could ZCL Composites Inc. Skyrocket Even More? The Stock Just Made 52-Week High

 Could ZCL Composites Inc. Skyrocket Even More? The Stock Just Made 52 Week High

The stock of ZCL Composites Inc. (TSE:ZCL) hit a new 52-week high and has $22.45 target or 84.00% above today’s $12.20 share price. The 5 months bullish chart indicates low risk for the $369.82 million company. The 1-year high was reported on Nov, 15 by Barchart.com. If the $22.45 price target is reached, the company will be worth $310.65M 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. About 90,140 shares traded hands or 22.57% up from the average. ZCL Composites Inc. (TSE:ZCL) has risen 38.93% since April 11, 2016 and is uptrending. It has outperformed by 35.00% the S&P500.

Another recent and important ZCL Composites Inc. (TSE:ZCL) news was published by Marketwatch.com which published an article titled: “ZCL Composites Inc.” on November 15, 2011.

ZCL Composites Inc. is a Canada maker and supplier of fiberglass reinforced plastic (FRP) underground storage tanks. The company has a market cap of $369.82 million. The Firm also provides custom-engineered aboveground FRP and dual-laminate composite storage tanks, piping and lining systems, and related products and accessories, where corrosion resistance is a high priority. It has a 20.59 P/E ratio. The Company’s divisions are Underground Fluid Containment (Underground) and Aboveground Fluid Containment (Aboveground).

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