The stock of Blue Prism Group PLC (LON:PRSM) hit a new 52-week high and has GBX 346.50 target or 5.00% above today’s GBX 330.00 share price. The 5 months bullish chart indicates low risk for the GBX 203.75 million company. The 1-year high was reported on Nov, 22 by Barchart.com. If the GBX 346.50 price target is reached, the company will be worth GBX 10.19M 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 increased 6.45% or GBX 20 on November 22, hitting GBX 330. About 102,875 shares traded hands or 171.00% up from the average. Blue Prism Group PLC (LON:PRSM) has risen 162.71% since April 22, 2016 and is uptrending. It has outperformed by 158.16% the S&P500.
Another recent and important Blue Prism Group PLC (LON:PRSM) news was published by Businesswire.com which published an article titled: “Software Robots Pioneer Blue Prism Debuts on the London Stock Exchange’s AIM …” on March 15, 2016.
Blue Prism Group plc is a United Kingdom company, which supplies a virtual workforce powered by software robots. The company has a market cap of 203.75 million GBP. The Company’s enterprise-grade software enables the automation of manual, rules-based, administrative processes to create back-office. It currently has negative earnings. The Company’s segment is the licensing of Robotic Process Automation software used to automate routine, rules and back office processes.
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