The stock of Bellamy’s Australia Ltd (ASX:BAL) is a huge mover today! The stock increased 4.23% or $0.45 on November 22, hitting $11.1. About 1.22M shares traded hands or 76.00% up from the average. Bellamy’s Australia Ltd (ASX:BAL) has risen 11.22% since April 26, 2016 and is uptrending. It has outperformed by 6.67% the S&P500.
The move comes after 6 months positive chart setup for the $1.07 billion company. It was reported on Nov, 22 by Barchart.com. We have $11.43 PT which if reached, will make ASX:BAL worth $32.10 million more.
More notable recent Bellamy’s Australia Ltd (ASX:BAL) news were published by: Fool.com.Au which released: “Is Bellamy’s Australia Ltd share price about to explode higher?” on August 16, 2016, also Fool.com.Au with their article: “Why the Bellamy’s Australia Ltd share price is soaring today” published on August 19, 2016, Fool.com.Au published: “Why the Bellamy’s Australia Ltd share price is crashing again today” on March 01, 2016. More interesting news about Bellamy’s Australia Ltd (ASX:BAL) were released by: Fool.com.Au and their article: “Why Bellamy’s Australia Ltd shares are a buy today” published on July 12, 2016 as well as Fool.com.Au‘s news article titled: “Bellamy’s Australia Ltd surges on takeover rumours” with publication date: July 08, 2016.
Bellamy’s Australia Limited is engaged in the supply, sale and distribution of organic food and formula products for babies and toddlers. The company has a market cap of $1.07 billion. The Company’s divisions include Australia, which focuses on the sales to retailers within Australia; China/Hong Kong, which focuses on the sales to Chinese distributors and online sales from third-party Websites to Chinese customers, and Other/South East Asia, which focuses on sales to other distributors and retailers, predominantly in South East Asia. It has a 28.13 P/E ratio. It produces over 40 organic food and formula products, including infant formula, toddler milk drink, snacks, cereals, pastas and ready to eat pouches.
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