The stock of Arria NLG PLC (LON:NLG) hit a new 52-week low and has GBX 10.14 target or 9.00% below today’s GBX 11.14 share price. The 9 months bearish chart indicates high risk for the GBX 14.31M company. The 1-year low was reported on Nov, 22 by Barchart.com. If the GBX 10.14 price target is reached, the company will be worth GBX 1.29M 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 increased 10.00% or GBX 1.01 on November 22, hitting GBX 11.14. About 29,584 shares traded hands. Arria NLG PLC (LON:NLG) has declined 46.71% since April 22, 2016 and is downtrending. It has underperformed by 51.27% the S&P500.
Arria NLG plc is engaged in software development business. The company has a market cap of 14.31 million GBP. The principal activities of the Company are the development of intellectual property in the form of software and software as a service and the sale of those services to its clients. It currently has negative earnings. The Firm operates through provision of computer software segment.
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