The stock of Scientific Digital Imaging plc (LON:SDI) hit a new 52-week high and has GBX 45.60 target or 185.00% above today’s GBX 16.00 share price. The 8 months bullish chart indicates low risk for the GBX 10.96 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the GBX 45.60 price target is reached, the company will be worth GBX 20.28M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 10.34% or GBX 1.5 on November 17, hitting GBX 16. About 20,496 shares traded hands. Scientific Digital Imaging plc (LON:SDI) has risen 40.91% since April 19, 2016 and is uptrending. It has outperformed by 36.29% the S&P500.
Scientific Digital Imaging Plc designs and makes scientific and technology products for use in applications, including life sciences, healthcare, astronomy, consumer manufacturing and art conservation. The company has a market cap of 10.96 million GBP. The Company’s segment encompassing Synoptics three marketing brands, Syngene, Synbiosis and Synoptics Health; the Atik brand, which is used within Synoptics brands and sold externally to the amateur astronomy market; Osiris, and Sentek. It has a 18.16 P/E ratio. The Company, through its subsidiary, Synoptics Limited, develops and makes scientific instruments and systems that develop digital imaging technology for a range of disciplines.
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