The stock of Village Roadshow Ltd (ASX:VRL) hit a new 52-week low and has $4.13 target or 6.00% below today’s $4.39 share price. The 7 months bearish chart indicates high risk for the $709.32 million company. The 1-year low was reported on Nov, 22 by Barchart.com. If the $4.13 price target is reached, the company will be worth $42.56 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 0.45% or $0.02 on November 22, hitting $4.39. About 478,855 shares traded hands or 111.13% up from the average. Village Roadshow Ltd (ASX:VRL) has declined 13.58% since April 26, 2016 and is downtrending. It has underperformed by 18.14% the S&P500.
More notable recent Village Roadshow Ltd (ASX:VRL) news were published by: Fool.com.Au which released: “Why I think Village Roadshow Ltd shares are in the buy zone” on November 21, 2016, also Fool.com.Au with their article: “Village Roadshow Ltd shares are plunging on theme park worries” published on November 17, 2016, Fool.com.Au published: “Here’s why Village Roadshow Ltd shares crashed 14% lower today” on February 25, 2016. More interesting news about Village Roadshow Ltd (ASX:VRL) were released by: Fool.com.Au and their article: “Should you buy shares in Village Roadshow Ltd?” published on March 01, 2016 as well as Fool.com.Au‘s news article titled: “Are shares in Village Roadshow Ltd cheap?” with publication date: May 25, 2016.
Village Roadshow Limited is engaged in theme park and water park operations, cinema exhibition operations, film and digital versatile disc distribution operations, and sales promotion and loyalty program operations. The company has a market cap of $709.32 million. The Company’s divisions include Theme Parks, Cinema Exhibition, Film Distribution, Marketing Solutions and Other. It has a 47.41 P/E ratio. The Theme Parks segment is engaged in theme park and water park operations.
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