The stock of Pennant International Group plc (LON:PEN) hit a new 52-week high and has GBX 76.32 target or 4.00% above today’s GBX 73.38 share price. The 9 months bullish chart indicates low risk for the GBX 24.68 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the GBX 76.32 price target is reached, the company will be worth GBX 987,200 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 decreased 0.17% or GBX 0.12 on November 23, hitting GBX 73.38. About 35,893 shares traded hands or 193.51% up from the average. Pennant International Group plc (LON:PEN) has risen 107.04% since April 25, 2016 and is uptrending. It has outperformed by 101.71% the S&P500.
More news for Pennant International Group plc (LON:PEN) were recently published by: Fool.Co.Uk, which released: “Should You Buy KAZ Minerals plc, Pennant International Group plc And Shanks …” on September 28, 2015. Fool.Co.Uk‘s article titled: “Should You Follow Heavy Selling At Halosource Inc & Pennant International …” and published on December 11, 2015 is yet another important article.
Pennant International Group plc is a United Kingdom firm engaged in the provision of management services. The company has a market cap of 24.68 million GBP. The Firm operates through three divisions: Training Systems, which provides and supports specialist training systems based on software emulation, hardware simulation, virtual reality and computer training in the defense sector; Data Services, which provides media, graphics, virtual reality software and technical documentation to the defense, rail, power and government sectors, and Software, which owns the rights to the Omega suite of software used by defense contractors and by defense authorities in Canada and Australia. It currently has negative earnings. It offers services that cover training equipment and related support, technical documentation, media development, software development and related consultancy.
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