The stock of United Carpets Group plc (LON:UCG) hit a new 52-week low and has GBX 9.20 target or 8.00% below today’s GBX 10.00 share price. The 8 months bearish chart indicates high risk for the GBX 7.91M company. The 1-year low was reported on Nov, 28 by Barchart.com. If the GBX 9.20 price target is reached, the company will be worth GBX 632,800 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 increased 3.90% or GBX 0.38 on November 28, hitting GBX 10. About 700 shares traded hands. United Carpets Group plc (LON:UCG) has declined 20.62% since April 28, 2016 and is downtrending. It has underperformed by 26.63% the S&P500.
United Carpets Group plc is engaged in carpet and bed retailing. The company has a market cap of 7.91 million GBP. The Firm is also involved in franchising of retail outlets. It has a 6.71 P/E ratio. The Company’s divisions include Franchising and Retail, Warehousing and Property.