The stock of Lumenpulse Inc (TSE:LMP) is a huge mover today! About 16,190 shares traded hands or 27.23% up from the average. Lumenpulse Inc (TSE:LMP) has declined 2.97% since April 12, 2016 and is downtrending. It has underperformed by 7.65% the S&P500.
The move comes after 7 months positive chart setup for the $409.65 million company. It was reported on Nov, 16 by Barchart.com. We have $20.96 PT which if reached, will make TSE:LMP worth $126.99M more.
Lumenpulse Inc (TSE:LMP) Ratings Coverage
Out of 5 analysts covering Lumenpulse Inc (TSE:LMP), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $25 is the highest target while $16.50 is the lowest. The $19.40 average target is 21.25% above today’s ($16) stock price. Lumenpulse Inc has been the topic of 13 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by RBC Capital Markets on Friday, September 2. As per Friday, June 17, the company rating was maintained by Scotia Capital. RBC Capital Markets maintained the shares of LMP in a report on Wednesday, October 7 with “Outperform” rating. As per Friday, September 9, the company rating was maintained by Scotia Capital. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, December 4.
More important recent Lumenpulse Inc (TSE:LMP) news were published by: Marketwired.com which released: “Lumenpulse Acquires Fluxwerx Illumination” on March 10, 2016, also Business.Financialpost.com published article titled: “Lumenpulse off to bright start in $100-million initial public offering”, Business.Financialpost.com published: “Newly public Lumenpulse didn’t need the ‘distraction’ of private equity” on April 17, 2014. More interesting news about Lumenpulse Inc (TSE:LMP) was released by: Business.Financialpost.com and their article: “Lumenpulse prices $100-million IPO at $16 a share â€” top end of the range” with publication date: April 07, 2014.
Lumenpulse Inc. is engaged in the design, development, assembly and sale of lighting products. The company has a market cap of $409.65 million. The Firm operates in two divisions: Lumenpulse LED products and other manufacturers’ products (OMP). It has a 300.7 P/E ratio. The Company’s LP divisions’ products consist of light-emitting diode (LED) lighting solutions.
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