A Reversal for Monitise Plc Is Not Near. The Stock Rises Again

 A Reversal for Monitise Plc Is Not Near. The Stock Rises Again

The stock of Monitise Plc (LON:MONI) is a huge mover today! The stock increased 1.51% or GBX 0.05 on November 22, hitting GBX 3.36. About 15.21 million shares traded hands or 196.49% up from the average. Monitise Plc (LON:MONI) has declined 5.43% since April 21, 2016 and is downtrending. It has underperformed by 9.98% the S&P500.
The move comes after 5 months positive chart setup for the GBX 77.15M company. It was reported on Nov, 22 by Barchart.com. We have GBX 3.60 PT which if reached, will make LON:MONI worth GBX 5.40M more.

Monitise Plc (LON:MONI) Ratings Coverage

Out of 3 analysts covering Monitise PLC (LON:MONI), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Monitise PLC has been the topic of 4 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was maintained by Canaccord Genuity on Wednesday, October 28 with “Hold”. The stock has “Equal Weight” rating given by Barclays Capital on Friday, July 31. The stock has “Equal Weight” rating given by Barclays Capital on Monday, October 12. The company was maintained on Monday, February 1 by Jefferies.

More news for Monitise Plc (LON:MONI) were recently published by: Fool.Co.Uk, which released: “Should You Buy Monitise Plc After Today’s Results?” on February 12, 2016. Fool.Co.Uk‘s article titled: “3 Reasons To Buy Monitise Plc Now” and published on March 05, 2015 is yet another important article.

Monitise plc is a specialist in financial services technology. The company has a market cap of 77.15 million GBP. The Firm is focused on accelerating the digital transformation of banks and financial institutions. It currently has negative earnings. The Company’s divisions include Americas, which is engaged in mobile banking, enterprise alerting and short message service banking products; Europe, which provides bank-grade mobile banking and digital services based on the Monitise Enterprise platform ; FINKit, which delivers digital services to banks and financial services partners; Create, which collaborates with businesses that operate in various sectors, including financial services, retail and automotive; MEA, which provides digital solutions, and Content, which operates digital distribution networks and digital ticketing transactional platforms.

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