The stock of Canadian Equipment Rentals Corp (CVE:CFL) hit a new 52-week low and has $0.23 target or 9.00% below today’s $0.26 share price. The 9 months bearish chart indicates high risk for the $10.70 million company. The 1-year low was reported on Nov, 25 by Barchart.com. If the $0.23 price target is reached, the company will be worth $963,000 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 55,142 shares traded hands or 118.66% up from the average. Canadian Equipment Rentals Corp (CVE:CFL) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
Canadian Equipment Rentals Corp (CVE:CFL) Ratings Coverage
Out of 2 analysts covering CERF Inc (CVE:CFL), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. CERF Inc has been the topic of 2 analyst reports since October 14, 2015 according to StockzIntelligence Inc.
More notable recent Canadian Equipment Rentals Corp (CVE:CFL) news were published by: Reuters.com which released: “BRIEF-Canadian Equipment Rentals qtrly net loss per share $0.23” on November 24, 2016, also Benzinga.com with their article: “About Canadian Equipment Rentals Corp.” published on November 24, 2016, Marketwired.com published: “Canadian Equipment Rentals Corp. Enters into Agreement to Sell Waste …” on November 17, 2016. More interesting news about Canadian Equipment Rentals Corp (CVE:CFL) were released by: Marketwired.com and their article: “Canadian Equipment Rentals Corp Announces 2016 Second Quarter Results” published on August 18, 2016 as well as Marketwired.com‘s news article titled: “CERF Incorporated Announces Corporate Name Change to Canadian Equipment …” with publication date: June 22, 2016.
Canadian Equipment Rentals Corp, formerly CERF Inc, is engaged in equipment rentals, equipment sales and service, and waste management services. The company has a market cap of $10.70 million.
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