The stock of Flowgroup PLC (LON:FLOW) hit a new 52-week low and has GBX 8.64 target or 5.00% below today’s GBX 9.09 share price. The 7 months bearish chart indicates high risk for the GBX 28.55 million company. The 1-year low was reported on Nov, 28 by Barchart.com. If the GBX 8.64 price target is reached, the company will be worth GBX 1.43 million 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. The stock decreased 1.73% or GBX 0.16 on November 28, hitting GBX 9.09. About 340,546 shares traded hands. Flowgroup PLC (LON:FLOW) has declined 60.64% since April 27, 2016 and is downtrending. It has underperformed by 66.65% the S&P500.
Another recent and important Flowgroup PLC (LON:FLOW) news was published by Fool.Co.Uk which published an article titled: “As Flowgroup PLC Plummets, Should You Buy Or Sell It Today?” on June 16, 2015.
Flowgroup plc and its subsidiaries are focused on the creation of shareholder value through the provision of a range of energy technologies, energy supply and energy services. The company has a market cap of 28.55 million GBP. The Company’s divisions include Flow Products, Flow Energy and Flow Battery. It currently has negative earnings. The Company’s Flow Products segment provides products for distributed generation and load shifting.
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