The stock of Automotive Holdings Group Ltd (ASX:AHG) hit a new 52-week low and has $3.41 target or 7.00% below today’s $3.67 share price. The 8 months bearish chart indicates high risk for the $1.22B company. The 1-year low was reported on Nov, 17 by Barchart.com. If the $3.41 price target is reached, the company will be worth $85.40M 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 2.91% or $0.11 on November 17, hitting $3.67. About 1.89 million shares traded hands or 65.79% up from the average. Automotive Holdings Group Ltd (ASX:AHG) has declined 6.14% since April 21, 2016 and is downtrending. It has underperformed by 10.76% the S&P500.
More notable recent Automotive Holdings Group Ltd (ASX:AHG) news were published by: Fool.com.Au which released: “This is why Automotive Holdings Group Ltd is at the top of my buy list” on June 15, 2016, also Fool.com.Au with their article: “Why has the Automotive Holdings Group Ltd share price suddenly soared?” published on August 11, 2016, Fool.com.Au published: “Should you buy Automotive Holdings Group Ltd for its fully franked dividend?” on October 13, 2016. More interesting news about Automotive Holdings Group Ltd (ASX:AHG) were released by: Fool.com.Au and their article: “Here’s why the Automotive Group Holdings Ltd share price sunk 5% today” published on February 19, 2016 as well as Fool.com.Au‘s news article titled: “2 under-the-radar dividend stars for your shopping list” with publication date: September 14, 2016.
Automotive Holdings Group Limited is an automotive retailing firm in Australasia. The company has a market cap of $1.22 billion. The Company’s principal activities include automotive retail, refrigerated logistics and other logistics. It has a 12.49 P/E ratio. The Company’s divisions include Automotive Retail, Refrigerated Logistics, Other Logistics and Property.
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