The stock of Enel Generacion Chile SA (ADR) (NYSE:EOCC) hit a new 52-week low and has $17.62 target or 5.00% below today’s $18.55 share price. The 7 months bearish chart indicates high risk for the $4.98 billion company. The 1-year low was reported on Nov, 23 by Barchart.com. If the $17.62 price target is reached, the company will be worth $249.00 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. About 86,624 shares traded hands. Enel Generacion Chile SA (ADR) (NYSE:EOCC) has declined 32.26% since April 21, 2016 and is downtrending. It has underperformed by 37.59% the S&P500.
Analysts await Enel Generacion Chile SA (ADR) (NYSE:EOCC) to report earnings on November, 25.
According to Zacks Investment Research, “Empresa Nacional Electricidad SA, also known as Endesa, generates, distributes and sells electric energy in Chile.”
Another recent and important Enel Generacion Chile SA (ADR) (NYSE:EOCC) news was published by Quotes.Wsj.com which published an article titled: “DOW JONES, A NEWS CORP COMPANY” on February 14, 2011.
EOCC Company Profile
Empresa Nacional De Electricidad S.A., incorporated on January 17, 1944, is engaged in the business of electricity generation. The Firm operates in Chile. The Company’s primary facilities include power plants, transmission assets, pipelines, liquefied natural gas (LNG) terminals and re-gasification plants, storage and chartered LNG tankers.
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