The stock of Ecofin Water & Power Opportunities plc (LON:EGL) hit a new 52-week low and has GBX 99.82 target or 8.00% below today’s GBX 108.50 share price. The 7 months bearish chart indicates high risk for the GBX 293.48M company. The 1-year low was reported on Nov, 28 by Barchart.com. If the GBX 99.82 price target is reached, the company will be worth GBX 23.48 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 0.46% or GBX 0.5 on November 28, hitting GBX 108.5. About 236,499 shares traded hands or 13.02% up from the average. Ecofin Water & Power Opportunities plc (LON:EGL) has risen 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.
Ecofin Water & Power Opportunities plc is a closed-end fund. The company has a market cap of 293.48 million GBP. The Fund’s principal activity is portfolio investment. It currently has negative earnings. The Fund specializes in the global utility, infrastructure, alternative energy and environmental sectors.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.