The stock of Reko International Group Inc (CVE:REK) reached all time high today, Nov, 16 and still has $10.83 target or 133.00% above today’s $4.65 share price. This indicates more upside for the $32.67 million company. This technical setup was reported by Barchart.com. If the $10.83 PT is reached, the company will be worth $43.45 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 2,260 shares traded hands. Reko International Group Inc (CVE:REK) has risen 6.00% since October 17, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.
More important recent Reko International Group Inc (CVE:REK) news were published by: Marketwired.com which released: “Reko International Group Inc. Announces Appointment of New Chief Financial Officer” on November 02, 2015, also Marketwired.com published article titled: “Reko International Group Announces Major Precision Machining Contract”, Marketwired.com published: “Reko Announces Contract Extension” on July 04, 2016. More interesting news about Reko International Group Inc (CVE:REK) was released by: Reuters.com and their article: “BRIEF-Reko International announces fourth quarter results” with publication date: March 26, 2013.
Reko International Group Inc. designs and makes a range of engineered services and products for original equipment manufacturers and their Tier 1 suppliers in various sectors, such as rail equipment, gas and oil distribution, mining, military, capital equipment and automotive.. The company has a market cap of $32.67 million. These products include custom machining of castings and assemblies to high precision tolerances, specialty machines and lean cell factory automation, compression molds, hydroform dies, plastic injection molds, fixtures and gauges. It has a 5.56 P/E ratio. For the transportation and gas and oil industry, it machines customer supplied metal castings to customer indicated specifications.
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