The stock of Scisys Plc (LON:SSY) hit a new 52-week high and has GBX 274.26 target or 179.00% above today’s GBX 98.30 share price. The 8 months bullish chart indicates low risk for the GBX 29.03M company. The 1-year high was reported on Nov, 15 by Barchart.com. If the GBX 274.26 price target is reached, the company will be worth GBX 51.96 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 4.02% or GBX 3.8 on November 15, hitting GBX 98.3. About 77,247 shares traded hands or 393.02% up from the average. Scisys Plc (LON:SSY) has risen 33.10% since April 18, 2016 and is uptrending. It has outperformed by 29.17% the S&P500.
SCISYS PLC is a United Kingdom-based company, which is engaged in developing information technology services. The company has a market cap of 29.03 million GBP. The Firm develops application solutions and products, and provides supporting services. It has a 12.18 P/E ratio. The Firm provides IT services to firms and public sector organizations through four divisions: Space; Enterprise Solutions & Defence (ESD); Media & Broadcast (M&B), and Xibis Ltd.
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