The stock of DEQ Systems Corp. (CVE:DEQ) hit a new 52-week high and has $0.87 target or 132.00% above today’s $0.38 share price. The 6 months bullish chart indicates low risk for the $26.88 million company. The 1-year high was reported on Nov, 18 by Barchart.com. If the $0.87 price target is reached, the company will be worth $35.48M 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 last traded at $0.375 per share. It is down 6.00% since October 19, 2016 and is uptrending. It has outperformed by 1.57% the S&P500.
More notable recent DEQ Systems Corp. (CVE:DEQ) news were published by: Prnewswire.com which released: “DEQ Systems Board of Directors Announces Exploration of Strategic Alternatives” on January 19, 2016, also Prnewswire.com with their article: “Scientific Games Announces Definitive Agreement to Acquire DEQ Systems” published on August 31, 2016, Prnewswire.com published: “Leading advisory firms ISS and Glass Lewis support plan of arrangement between …” on October 25, 2016. More interesting news about DEQ Systems Corp. (CVE:DEQ) were released by: Reuters.com and their article: “BRIEF-Scientific Games agrees to buy Deq Systems for C$0.38/share” published on July 27, 2016 as well as Prnewswire.com‘s news article titled: “DEQ Systems and Talisman Group Resolve Federal Lawsuit Over EZ Baccarat®” with publication date: July 08, 2015.
DEQ Systems Corp. is engaged in the manufacturing, lease and sale of auxiliary systems suitable for casino gaming tables, the management of licenses and the collection of royalties. The company has a market cap of $26.88 million. The Company’s principal activities include the leasing, sale and marketing of products for the casino gaming industry of table games, table game systems and table top utility products. It currently has negative earnings. The Firm also develops solutions related to table game bonusing.
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