The stock of Inghams Group Ltd (ASX:ING) reached all time low today, Nov, 17 and still has $2.89 target or 8.00% below today’s $3.14 share price. This indicates more downside for the $1.19B company. This technical setup was reported by Barchart.com. If the $2.89 PT is reached, the company will be worth $95.20 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 1.26% or $0.04 on November 17, hitting $3.14. About 1.00 million shares traded hands. Inghams Group Ltd (ASX:ING) has risen 6.00% since October 18, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.
More important recent Inghams Group Ltd (ASX:ING) news were published by: Fool.com.Au which released: “Is Inghams Group Limited set to be the next disastrous IPO?” on November 03, 2016, also Fool.com.Au published article titled: “Inghams Group Limited shares land on ASX, is it good value?”, Fool.com.Au published: “IPO: 5 Key Risks Facing Inghams Group Limited Investors” on October 24, 2016. More interesting news about Inghams Group Ltd (ASX:ING) was released by: Fool.com.Au and their article: “Should you buy into the upcoming float of Inghams Group Limited?” with publication date: October 17, 2016.
Inghams Group Limited is an integrated poultry producer. The company has a market cap of $1.19 billion. The Firm has two operations: poultry, which is engaged in the production and sale of chicken and turkey products across various categories, such as primary, free range, value-enhanced, further processed and ingredients, and stockfeed, which is engaged in the production of stockfeed for use by the poultry, pig, dairy and equine industries. It currently has negative earnings. The Firm operates through two geographic divisions: Australia and New Zealand.
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.