The stock of Gattaca PLC (LON:GATC) hit a new 52-week low and has GBX 263.12 target or 8.00% below today’s GBX 286.00 share price. The 6 months bearish chart indicates high risk for the GBX 89.14M company. The 1-year low was reported on Nov, 23 by Barchart.com. If the GBX 263.12 price target is reached, the company will be worth GBX 7.13 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 increased 0.26% or GBX 0.75 on November 23, hitting GBX 286. About 61,730 shares traded hands. Gattaca PLC (LON:GATC) has declined 37.99% since April 26, 2016 and is downtrending. It has underperformed by 43.32% the S&P500.
Another recent and important Gattaca PLC (LON:GATC) news was published by Marketwatch.com which published an article titled: “Gattaca shares fall as Brexit hits UK demand” on November 03, 2016.
Gattaca plc, formerly Matchtech Group plc, is a well-known provider of specialist recruitment services to the engineering and technology industries, both in the United Kingdom and internationally. The company has a market cap of 89.14 million GBP. The Firm is a human capital resources business dealing with contract and permanent recruitment in the private and public sectors. It has a 9.24 P/E ratio. It operates through three divisions: Engineering, Professional Services and Networkers.