What’s Propelling Unisync Corp to Reach 52-Week High?

 What's Propelling Unisync Corp to Reach 52 Week High?

The stock of Unisync Corp (CVE:UNI) hit a new 52-week high and has $2.60 target or 4.00% above today’s $2.50 share price. The 9 months bullish chart indicates low risk for the $33.34 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $2.60 price target is reached, the company will be worth $1.33M 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 $2.5 per share. It is up 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.

More notable recent Unisync Corp (CVE:UNI) news were published by: Marketwired.com which released: “Unisync Corp. and Me-Ality Announce Strategic Fit Partnership” on April 23, 2015, also Marketwired.com with their article: “Unisync Appoints New US Based Independent Director” published on September 12, 2016, Marketwired.com published: “Unisync Awarded $11.2 Million Contract” on June 16, 2016. More interesting news about Unisync Corp (CVE:UNI) were released by: Marketwired.com and their article: “Unisync Announces Private Placement” published on August 29, 2016 as well as Marketwired.com‘s news article titled: “Unisync Awarded $12.1 Million Contract” with publication date: November 05, 2015.

Unisync Corp. is a Canada independent uniform provider. The company has a market cap of $33.34 million. The Firm is engaged in garment design, domestic manufacturing and offshore outsourcing, combined with Web business to business (B2B) ordering, distribution and program management systems. It currently has negative earnings. Unisync operates through two divisions: Unisync Group Limited (UGL) of Mississauga, Ontario and Peerless Garments LP (Peerless) of Winnipeg, Manitoba.

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