Could Walker Crips Group plc Change Direction After Reaching 52-Week Low?

 Could Walker Crips Group plc Change Direction After Reaching 52 Week Low?

The stock of Walker Crips Group plc (LON:WCW) hit a new 52-week low and has GBX 36.11 target or 9.00% below today’s GBX 39.68 share price. The 8 months bearish chart indicates high risk for the GBX 14.22 million company. The 1-year low was reported on Nov, 22 by Barchart.com. If the GBX 36.11 price target is reached, the company will be worth GBX 1.28 million 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 decreased 2.02% or GBX 0.82 on November 22, hitting GBX 39.68. About 16,217 shares traded hands or 26.99% up from the average. Walker Crips Group plc (LON:WCW) has declined 8.99% since April 25, 2016 and is downtrending. It has underperformed by 13.54% the S&P500.

More important recent Walker Crips Group plc (LON:WCW) news were published by: Uk.Finance.Yahoo.com which released: “Walker Crips Group plc (WCW.L)” on March 29, 2014, also Reuters.com published article titled: “MOVES-Walker Crips appoints three investment managers”, Reuters.com published: “MOVES-Walker Crips appoints two investment managers” on September 09, 2016. More interesting news about Walker Crips Group plc (LON:WCW) was released by: Reuters.com and their article: “BRIEF-Walker Crips names Guy Jackson as executive director” with publication date: September 22, 2016.

Walker Crips Group plc focuses on offering a set of investment and wealth management services to both new and existing clients. The company has a market cap of 14.22 million GBP. The Firm is organized into two operating divisions: Investment Management and Wealth Management. It has a 18.83 P/E ratio. The Company’s Investment Management division includes Investment Management, Structured Investments, Stockbroking and Alternative Investments.

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