The stock of Somero Enterprises, Inc. (LON:SOM) hit a new 52-week high and has GBX 239.20 target or 4.00% above today’s GBX 230.00 share price. The 9 months bullish chart indicates low risk for the GBX 129.10M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the GBX 239.20 price target is reached, the company will be worth GBX 5.16 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 1.10% or GBX 2.5 on November 25, hitting GBX 230. About 50,062 shares traded hands. Somero Enterprises, Inc. (LON:SOM) has risen 44.27% since April 29, 2016 and is uptrending. It has outperformed by 38.86% 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 firm earned “Buy” rating on Monday, October 5 by Canaccord Genuity. The firm has “Corporate” rating given on Tuesday, March 1 by FinnCap. The stock of Somero Enterprises, Inc. (LON:SOM) has “Corporate” rating given on Friday, January 22 by FinnCap. FinnCap maintained Somero Enterprises, Inc. (LON:SOM) rating on Tuesday, September 6. FinnCap has “Corporate” rating and GBX 205 price target. The firm has “Buy” rating given on Tuesday, March 1 by Canaccord Genuity. The stock has “Corporate” rating given by FinnCap on Tuesday, July 12. The stock of Somero Enterprises, Inc. (LON:SOM) has “Buy” rating given on Monday, June 6 by Canaccord Genuity. The firm has “Corporate” rating by FinnCap given on Monday, June 6. The stock has “Corporate” rating given by FinnCap on Monday, July 18. The firm earned “Corporate” rating on Wednesday, February 10 by FinnCap.
Somero Enterprises, Inc. is a manufacturer of laser-guided equipment. The company has a market cap of 129.10 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 12.84 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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