The stock of The Ottoman Fund Limited (LON:OTM) hit a new 52-week low and has GBX 1.41 target or 12.00% below today’s GBX 1.60 share price. The 7 months bearish chart indicates high risk for the GBX 3.39 million company. The 1-year low was reported on Nov, 17 by Barchart.com. If the GBX 1.41 price target is reached, the company will be worth GBX 406,800 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 41.75% or GBX 1.15 on November 17, hitting GBX 1.6. The Ottoman Fund Limited (LON:OTM) has declined 43.72% since April 12, 2016 and is downtrending. It has underperformed by 48.34% the S&P500.
The Ottoman Fund Limited is a closed-ended investment company. The company has a market cap of 3.39 million GBP. The Firm operates in Turkey segment. It currently has negative earnings. The Firm had invested in Turkish land and new-build residential property in Riva, Bodrum and Alanya.
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