After Reaching 52-Week Low, Is Tasty Plc’s Near-Term Analysis Negative?

 After Reaching 52 Week Low, Is Tasty Plc's Near Term Analysis Negative?

The stock of Tasty Plc (LON:TAST) hit a new 52-week low and has GBX 121.80 target or 13.00% below today’s GBX 140.00 share price. The 9 months bearish chart indicates high risk for the GBX 75.22 million company. The 1-year low was reported on Nov, 17 by Barchart.com. If the GBX 121.80 price target is reached, the company will be worth GBX 9.78M 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 3.45% or GBX 5 on November 17, hitting GBX 140. About 13,269 shares traded hands. Tasty Plc (LON:TAST) has declined 6.25% since April 19, 2016 and is downtrending. It has underperformed by 10.87% the S&P500.

More notable recent Tasty Plc (LON:TAST) news were published by: Fool.Co.Uk which released: “Why ARM Holdings plc, BTG plc and Tasty Plc could soar higher post-EU referendum” on June 22, 2016, also Fool.Co.Uk with their article: “Should I Put Rolls-Royce Holdings PLC, Whitbread plc Or Tasty Plc In My ISA?” published on March 30, 2016, Fool.Co.Uk published: “3 Attractive Growth Shares: ARM Holdings plc, BTG plc & Tasty plc” on July 24, 2015. More interesting news about Tasty Plc (LON:TAST) were released by: Fool.Co.Uk and their article: “3 Solid Small-Caps Set To Fly? Tasty Plc, Bioventix PLC And Alkane Energy Plc” published on April 30, 2015 as well as Fool.Co.Uk‘s news article titled: “Is Tasty plc Better Value Than Crawshaw Group plc?” with publication date: August 28, 2014.

Tasty Plc is a United Kingdom-based firm engaged in the operation of restaurants. The company has a market cap of 75.22 million GBP. The Firm operates through operating restaurants segment. It currently has negative earnings. The Firm operates in the United Kingdom.

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