What’s Next for Mediagrif Interactive Technologies Inc. After Reaching 52-Week High?

 What's Next for Mediagrif Interactive Technologies Inc. After Reaching 52 Week High?

The stock of Mediagrif Interactive Technologies Inc. (TSE:MDF) hit a new 52-week high and has $20.05 target or 3.00% above today’s $19.47 share price. The 6 months bullish chart indicates low risk for the $296.75M company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $20.05 price target is reached, the company will be worth $8.90 million 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 last traded at $19.47 per share. It is down 22.07% since April 19, 2016 and is uptrending. It has outperformed by 16.74% the S&P500.

More recent Mediagrif Interactive Technologies Inc. (TSE:MDF) news were published by: Seekingalpha.com which released: “Mediagrif Interactive Technologies Inc. Owns Dominant Niche Online Platforms …” on May 13, 2016. Also Theglobeandmail.com published the news titled: “Wednesday’s TSX breakouts: This dividend stock features revenue growth, high …” on September 07, 2016. Theglobeandmail.com‘s news article titled: “E-commerce growth story Mediagrif eyes US market” with publication date: August 31, 2014 was also an interesting one.

Mediagrif Interactive Technologies Inc. is a Canada company, which provides e-business solutions to consumer and businesses. The company has a market cap of $296.75 million. The Firm is engaged in information technology and is an owner of various Web and mobile platforms, including Jobboom, LesPAC, Reseau Contact, MERX, InterTrade, Carrus and BidNet. It has a 18.72 P/E ratio. Jobboom is a job sourcing and talent acquisition Website in Quebec.

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