What Will Happen to Somero Enterprises, Inc. Next? The Stock Just Reaches All-Time High

 What Will Happen to Somero Enterprises, Inc. Next? The Stock Just Reaches All Time High

The stock of Somero Enterprises, Inc. (LON:SOM) reached all time high today, Nov, 24 and still has GBX 243.80 target or 6.00% above today’s GBX 230.00 share price. This indicates more upside for the GBX 131.77M company. This technical setup was reported by Barchart.com. If the GBX 243.80 PT is reached, the company will be worth GBX 7.91M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 1.10% or GBX 2.5 on November 24, hitting GBX 230. About 123,349 shares traded hands. Somero Enterprises, Inc. (LON:SOM) has risen 40.00% since April 27, 2016 and is uptrending. It has outperformed by 34.59% the S&P500.

Somero Enterprises, Inc. (LON:SOM) Ratings Coverage

Out of 2 analysts covering Somero Enterprises Inc (LON:SOM), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Somero Enterprises Inc has been the topic of 12 analyst reports since October 5, 2015 according to StockzIntelligence Inc. The stock of Somero Enterprises, Inc. (LON:SOM) earned “Corporate” rating by FinnCap on Tuesday, July 12. FinnCap maintained the shares of SOM in a report on Monday, July 18 with “Corporate” rating. The rating was maintained by FinnCap with “Corporate” on Friday, January 22. The stock of Somero Enterprises, Inc. (LON:SOM) earned “Buy” rating by Canaccord Genuity on Monday, October 5. The company was maintained on Monday, June 6 by FinnCap. The stock has “Corporate” rating given by FinnCap on Wednesday, February 10. As per Monday, June 6, the company rating was maintained by Canaccord Genuity. The rating was maintained by Canaccord Genuity with “Buy” on Tuesday, March 1. The rating was maintained by FinnCap with “Corporate” on Tuesday, September 6. The company was maintained on Tuesday, September 20 by Canaccord Genuity.

Somero Enterprises, Inc. is a manufacturer of laser-guided equipment. The company has a market cap of 131.77 million GBP. The Company’s equipment automates the process of spreading and leveling volumes of concrete for commercial flooring and other horizontal surfaces, such as paved parking lots in North America. It has a 12.82 P/E ratio. The Company’s products include S-22E, S-15R, S-15M, STS-11M, S-840, S-485, CopperHead XD 3.0, Mini Screed C, PowerRake 3.0, 3-D Profiler and SiteShape.

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