The stock of Fulcrum Utility Services Ltd (LON:FCRM) hit a new 52-week high and has GBX 52.52 target or 6.00% above today’s GBX 49.55 share price. The 8 months bullish chart indicates low risk for the GBX 79.62 million company. The 1-year high was reported on Nov, 24 by Barchart.com. If the GBX 52.52 price target is reached, the company will be worth GBX 4.78 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 increased 0.10% or GBX 0.05 on November 24, hitting GBX 49.55. About 47,114 shares traded hands. Fulcrum Utility Services Ltd (LON:FCRM) has risen 27.74% since April 26, 2016 and is uptrending. It has outperformed by 22.33% the S&P500.
Fulcrum Utility Services Limited is an independent energy and multi-utility infrastructure and services provider. The company has a market cap of 79.62 million GBP. The Company’s principal activity includes the provision of unregulated utility connections and independent gas transportation services in the United Kingdom. It has a 19.14 P/E ratio. The Company’s divisions include infrastructure services and pipelines.
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