The stock of One Media IP Group PLC (LON:OMIP) hit a new 52-week low and has GBX 2.92 target or 10.00% below today’s GBX 3.24 share price. The 7 months bearish chart indicates high risk for the GBX 1.95 million company. The 1-year low was reported on Nov, 15 by Barchart.com. If the GBX 2.92 price target is reached, the company will be worth GBX 195,000 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 increased 17.81% or GBX 0.49 on November 15, hitting GBX 3.24. About 20 shares traded hands. One Media IP Group PLC (LON:OMIP) has declined 31.43% since April 18, 2016 and is downtrending. It has underperformed by 35.36% the S&P500.
One Media iP Group Plc is engaged in the acquisition and exploitation of mixed media intellectual property rights, including music, video, spoken word and digital books, for distribution through the digital medium and through traditional media outlets. The company has a market cap of 1.95 million GBP. The Firm also licenses its music content for use in television and film advertising video games and corporate Websites. It has a 10.38 P/E ratio. The Firm operates through the digital net-label market segment.
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