The stock of Bega Cheese Ltd (ASX:BGA) hit a new 52-week low and has $4.01 target or 9.00% below today’s $4.41 share price. The 7 months bearish chart indicates high risk for the $672.98M company. The 1-year low was reported on Nov, 15 by Barchart.com. If the $4.01 price target is reached, the company will be worth $60.57M 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 decreased 2.00% or $0.09 on November 15, hitting $4.41. About 930,433 shares traded hands or 62.75% up from the average. Bega Cheese Ltd (ASX:BGA) has declined 26.87% since April 19, 2016 and is downtrending. It has underperformed by 30.79% the S&P500.
More notable recent Bega Cheese Ltd (ASX:BGA) news were published by: Fool.com.Au which released: “Here’s why Bega Cheese Ltd is getting hammered today” on October 25, 2016, also Reuters.com with their article: “BRIEF-Bega Cheese Ltd says Paul Van Heerwaarden appointed CEO” published on November 14, 2016, Fool.com.Au published: “Is Bega Cheese Ltd a buy after doubling its profits?” on August 24, 2016. More interesting news about Bega Cheese Ltd (ASX:BGA) were released by: Fool.com.Au and their article: “Are Ansell Limited and Bega Cheese Ltd bargain opportunities?” published on April 06, 2016 as well as Fool.com.Au‘s news article titled: “Why Bega Cheese Ltd shares are soaring” with publication date: December 30, 2015.
Bega Cheese Limited is engaged in receiving, processing, manufacturing and distributing dairy and associated products. The company has a market cap of $672.98 million. The Company’s divisions include Bega Cheese and Tatura Milk. It has a 23.38 P/E ratio. The Company’s Bega Cheese segment makes natural cheese, processed cheese, powders, butter and packaged cheese products.
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.