The stock of CCA Industries, Inc. (NYSEMKT:CAW) hit a new 52-week low and has $2.15 target or 14.00% below today’s $2.50 share price. The 7 months bearish chart indicates high risk for the $17.52M company. The 1-year low was reported on Nov, 21 by Barchart.com. If the $2.15 price target is reached, the company will be worth $2.45M 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. About 25,109 shares traded hands or 117.07% up from the average. CCA Industries, Inc. (NYSEMKT:CAW) has declined 21.21% since April 19, 2016 and is downtrending. It has underperformed by 25.07% the S&P500.
According to Zacks Investment Research, “CCA INDUSTRIES, INC. is engaged in the health and beauty aids business with a line of health and beauty aids products which it has manufactured on its behalf under its formulations.”
More notable recent CCA Industries, Inc. (NYSEMKT:CAW) news were published by: Prnewswire.com which released: “CCA Industries, Inc. Reports Third Quarter 2016 Results” on October 17, 2016, also Prnewswire.com with their article: “CCA Industries, Inc. Announces Departure Of Richard Kornhauser And Appointment …” published on January 21, 2016, Prnewswire.com published: “CCA Industries, Inc. Announces Change of Directors” on October 08, 2015. More interesting news about CCA Industries, Inc. (NYSEMKT:CAW) were released by: Prnewswire.com and their article: “CCA Industries, Inc. To Ring Opening Bell At The New York Stock Exchange” published on April 07, 2016 as well as Prnewswire.com‘s news article titled: “CCA Industries, Inc. Announces Lawsuit” with publication date: October 01, 2009.
CAW Company Profile
CCA Industries, Inc. (CCA), incorporated on March 25, 1983, makes and distributes health and beauty aid products. The Firm is engaged in the sale of products in several health-and-beauty aids over-the-counter drug and remedies and cosmeceutical categories. Under its brand names, the Company markets several different but categorically related products. The Company’s principal brand and trademark names include Plus+White (oral health-care products), Sudden Change (skin-care products), Nutra Nail (nail treatments), Bikini Zone (pre and after-shave products), Hair Off (depilatories), Solar Sense (sun-care products), Sunset Cafe (perfumes), Lobe Wonder (ear-care product) and Scar Zone (scar diminishing cream).
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