Could London Capital Group Holdings plc Go Up After Reaching 52-Week Low?

 Could London Capital Group Holdings plc Go Up After Reaching 52 Week Low?

The stock of London Capital Group Holdings plc (LON:LCG) hit a new 52-week low and has GBX 2.91 target or 3.00% below today’s GBX 3.00 share price. The 8 months bearish chart indicates high risk for the GBX 11.39 million company. The 1-year low was reported on Nov, 23 by Barchart.com. If the GBX 2.91 price target is reached, the company will be worth GBX 341,700 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 closed at GBX 3 during the last session. It is down 61.90% since April 25, 2016 and is downtrending. It has underperformed by 67.23% the S&P500.

London Capital Group Holdings plc operates through its principal subsidiary, London Capital Group Limited. The company has a market cap of 11.39 million GBP. The Company’s core activity includes provision of spread betting and contracts for difference products based on financial market products, such as futures, equities and foreign exchange. It currently has negative earnings. The Firm provides online trading to private, retail and professional clients.

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