The stock of Exco Technologies Limited (TSE:XTC) hit a new 52-week low and has $9.37 target or 10.00% below today’s $10.41 share price. The 8 months bearish chart indicates high risk for the $443.56M company. The 1-year low was reported on Nov, 15 by Barchart.com. If the $9.37 price target is reached, the company will be worth $44.36M 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. The stock last traded at $10.41 per share. It is up 30.55% since April 11, 2016 and is downtrending. It has underperformed by 34.48% the S&P500.
Exco Technologies Limited (TSE:XTC) Ratings Coverage
Out of 2 analysts covering Exco Technologies (TSE:XTC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $19.5 is the highest target while $15.50 is the lowest. The $16.75 average target is 60.90% above today’s ($10.41) stock price. Exco Technologies has been the topic of 7 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Scotia Capital maintained it with “Sector Perform” rating and $15.50 target price in Tuesday, September 20 report. Canaccord Genuity upgraded the shares of XTC in a report on Friday, July 24 to “Buy” rating.
More recent Exco Technologies Limited (TSE:XTC) news were published by: Theglobeandmail.com which released: “The Globe and Mail” on May 22, 2009. Also Prnewswire.com published the news titled: “Exco Technologies Limited – Results for Third Quarter Ended June 30, 2016” on July 27, 2016. Prnewswire.com‘s news article titled: “Exco Technologies Limited announces acquisition of Automotive Leather Company …” with publication date: December 19, 2013 was also an interesting one.
Exco Technologies Limited is a designer, developer and maker of dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion and automotive industries. The company has a market cap of $443.56 million. The Firm operates in two divisions: Casting and Extrusion Segment, and Automotive Solutions Segment. It has a 9.39 P/E ratio. The Casting and Extrusion Segment designs, develops and makes die-casting and extrusion tooling and consumable parts for both aluminum die-casting and aluminum extrusion machines.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.